Kelly Cavagnaro joins from Columbia Threadneedle Investments.
The retirement system added private equity and private credit commitments in recent months.
The oversubscribed fund brings the firm’s total capital under management to approximately $1 billion.
The retirement fund has posted an RFP for infrastructure managers to handle a $50 million to $80 million allocation.
The investment division last conducted an RFP for the services in 2018.
The firm appointed a senior business development director to its North American team.
The direct lending and private credit advisory firm will return to a separate and independently owned company.
The retirement system issued an RFI for the services last year and does not currently utilize a dedicated consultant for private markets.
The retirement system is seeking firms to handle an allocation ranging between $200 million and $400 million.
The retirement system will hear from three international value equity managers at next month’s board meeting.