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The plan will conduct three manager searches in the next three to six months.
The new hires include a head of marketing and communications, four principals and a v.p.
The promotions include three new partners, a partner and cfo, a principal and a v.p.
The previous CIO has been named President and CEO.
Plan terminated its domestic small-cap value equity manager due to the firm’s investment team spinning out to form a new entity.
The plan disclosed a $200 million direct lending commitment earlier this month.
Five-member value team expects to officially spinout as a new, Boston-based firm in the first quarter.
The plan committed a total of $175 million to two funds and hired an unnamed domestic equity manager at its meeting last week.
The fund will invest in technology companies across niche sectors within large and growing markets, the firm said.