He will retain his previous responsibilities as head of institutional business.
District is searching for a discretionary manager for $529 million in assets.
The $2.4 billion transaction is expected to close by the end of the second quarter.
The fund focuses on lower middle market buyouts and late-stage growth equity investments.
He will be responsible for private equity in the new role.
He will expand institutional and consultant relationships.
Firm will help oversee the city’s $50 million cash and investment portfolio.
Investors favoring value investing do not need to only focus on small-cap stocks to access the value premium via long-only portfolios, new academic research finds.
Plan also adopted a new asset allocation that includes a maiden target to private debt.
The plan has issued an RFP for record keeping and administration services.