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The plan will also create a 5% private debt target as part of a new asset allocation.
The plan also made two private markets hires earlier this year.
The plan will see both its cio and cfo retire in 2022.
She will help grow the firm’s for-sale residential investment platform.
The fund will invest in a global portfolio of secondary assets, primary blue chip private equity funds and co-investments diversified by manager, geography, stage and vintage with an attractive private equity risk/reward profile.
He is responsible for macroeconomic research as well as leading the firm’s asset allocation teams and strategies.
Most of the firm’s equity will continue to be held by employees.
Plan approved investments with three unconstrained fixed-income managers as the result of a search initiated earlier this year.
The new Co-President will oversee the firm’s internal functions.
The plan has begun an investment consultant search; last one conducted was in 2016.