Firm closed Raven Asset-Based Credit Fund II at $834 million.
The acquisition increases Westwood’s total assets under management by 33% to $16.3 billion.
The plan approved RFPs for short-term TIPS, long-term government bond and short-term investment grade bond managers at a meeting held last month.
The plan added a follow-on $250 million direct ending commitment earlier this month.
Plan will potentially launch an RFP for an emerging markets equity manager after adding a second firm to diversify its exposure to the space this week.
The plan will welcome back a familiar face to serve as interim cio but will lose an investment officer to the private sector at the end of the month.
The plan named a new investment consultant after reviewing its options in the space in recent months.
The state’s housing authority has issued an RFI for investment management and account reconciliation services.
The plan is looking to potentially replace an underperforming manager.
Shore Capital Partners has hired Brian Tracy as head of investor relations, the firm announced.