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.
The city council approved the agreement at last week’s meeting.
The city is seeking bundled services on behalf of its $305.9 million deferred compensation and $2.1 million defined contribution plans.
The search stems from the previously announced retirement of Executive Director and CIO Cheryl Alston.
Sarah Cole has been appointed as partner and co-head of the Ares Global Capital Solutions team.