Melissa Demcsik will assume the role of ceo at growth equity boutique Vontobel Asset Management effective Jan. 1.
The plan added a $100 million direct lending commitment to an existing manager relationship.
The plan is working with Benefit Financial Services Group and anticipates a selection in April.
The plan hired its current consultant in 2017 following a search for services.
The plan terminated an EAFE value equity manager that had been placed on watch in June for underperformance.
The new team will invest in both early and growth stage healthcare companies.
The plan is seeking a successor for its deputy cio for public markets, who was named cio last month after serving in the role in an interim capacity since July.
Briarcliffe Credit Partners has added Roger Li as a managing director and head of co-head of GP advisory, the firm announced.
The plan disclosed an additional investment and two terminations at Friday’s meeting and recently saw the departure of its deputy cio.
The plan will issue an RFP for non-discretionary and discretionary services in January.