The authority, which issued an RFI in February as it looked to establish a cannabis investment fund, has now issued its formal RFP.
Plan welcomed back an investment analyst amid several promotions enacted in the nine months since its new cio joined.
Plan’s board committed $160 million to an existing infrastructure manager and was notified of a private equity commitment this week.
Plan committed to direct lending, infrastructure and real estate strategies with existing managers yesterday.
The fund will focus on deploying capital across existing and new platforms with trusted partners that allow for repeatable and scalable investments.
The fund targets companies in the lower middle market.
Appointment follows March resignation of incumbent cio.
The new office will focus on identifying and partnering with management teams of fast-growing software companies.
The transaction is expected to close in the second quarter.
He will oversee the firm’s dedicated aviation finance and treasury teams.