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The new hires will lead the firm’s North American institutional and consultant relations teams.
The transaction is expected to close early next year.
Plan narrowed a private lending search to three funds for future on-site visits and finalist presentations.
The plan is conducting the domestic mid-cap core equity search due to portfolio management changes at its incumbent, while the large-cap growth hire was made following an RFP issued last year.
The plan hired an additional domestic large-cap growth equity manager after finalist interviews held at its board meeting today.
Plan consolidated its manager roster into a smaller group of firms following approval of a new asset allocation recommended by its consultant last month.
Plan terminated active large-cap value and small-cap growth strategies with a single manager this week.
The plan is looking to hire a dedicated emerging markets equity manager to fill a structural underweight in the portfolio.