Firm announced the addition of a professional to the newly created role.
New allocation is contingent on full board approval after receiving approval from the investment committee this week.
Firm has closed its second fund with total commitments of approximately $410 million.
Plan expects to add private equity commitments totaling $60 million following investment committee approval earlier this week.
The plan rehired its incumbent general investment consultant following finalist interviews held on Monday.
Firm closed the inaugural fund with over $1.2 billion in capital commitments.
Massachusetts Mutual Life Insurance Company will transition its direct private investments team to Barings.
The firm welcomed a former team member as a co-portfolio manager on one of its large-cap growth strategies.
The plan disclosed $183.5 million in recent private equity, private credit and real assets commitments this week.
The firm appointed a managing director of fund strategy and development to support its capital raising, investor relations, strategy and product development.