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The plan was searching for a replacement to Kent Custer, who joined the Illinois Police Officers’ Pension Investment Fund last year.
Plan added approximately $62 million across three alternatives commitments in recent months.
The $319.8 billion California State Teachers’ Retirement System made 14 private equity commitments and 19 co-investments in the second half of 2021, according to a recent report.
At least one institutional investor is seeking further ways to financially punish Russia for its invasion of Ukraine.
He will oversee the New York-based firm’s U.S. investment activities, including sourcing, underwriting and execution of transactions.
17Capital will continue to operate as an independent business following the transaction.
The plan is seeking North America-focused funds.
He will lead portfolio management for the firm’s retail municipal bond separately managed account strategies.
The firm expects to announce a successor “in due course.”
The plan has set a date for when it will launch its investment consulting services search.