Plan will see a firm for passive U.S. and non-U.S. equities, fixed-income and real assets investment management services.
Acquisition will result in the firm’s twelfth affiliate.
His responsibilities will be assumed by other managers.
He will be responsible for partnering with Axiom’s clients and working with the team on new business development and strategy.
The transaction is expected to close in early 2022.
The plan has issued an RFP for value-add real estate managers.
The plan hired one traditional emerging markets manager and four private markets managers.
Plan will consider breaking up 5% allocation to Master Limited Partnerships and is considering exposures to commodities, listed infrastructure and TIPS.
The plan hired has now hired two international equity managers in as many months.
The fund is focused on seed- and early-stage funds and direct investments.