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.
The growth equity manager announced two promotions.
The plan increased its core bond target as part of asset allocation changes approved at last week’s meetings.
American Century Investments has promoted Patricia Ribeiro to co-cio of the Global Growth Equity discipline.