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The fund will focus exclusively on investing in U.S. healthcare companies.
Plan is keeping its domestic large-cap core manager following an RFP issued last year due to the firm’s performance.
The new semi-liquid multi-sector manager will handle a roughly $250 million mandate for the plan.
She will assume a COO role at T. Rowe Price following her predecessor’s exit last year.
Plan added a pair of direct lending commitments totaling $250 million and a $76.4 million European real estate commitment.
The treasurer has decided to stick with its incumbent investment consultant to oversee its cash pool.
The plan committed $15 million each to new funds from existing managers.
The plan’s current executive director is leaving to join Walmart.
The changes include a new head of strategy and a new treasurer.