A director of private markets at the investment consulting firm is retiring after finishing second place at last month’s World Series of Poker main event.
The oversubscribed fund brings the firm’s total capital raised to over $5 billion.
The plan reviewed proposed allocation mixes that add a dedicated high-yield bond target while significantly increasing intermediate grade core-plus fixed-income, both of which would result in searches for new managers.
The retirement fund’s investment committee will interview three finalists in a $737 million search next week.
The pension’s investment committee introduced a 2.5% target to non-core real estate at this month’s investment committee meeting.
The firm’s newest senior consultant joins from CAPTRUST Financial Advisors.
Amy Ridge joins the firm from Mercer’s alternatives group.
The state is conducting a general investment consultant search on behalf of its retirement system and several other funds.
The $50 million in total commitments is subject to board approval next week.
Nick Gray joins as managing director to lead insurance solutions for the firm’s $28 billion credit and real estate platform.