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He replaces a managing general partner who is assuming the role of chairman.
The fund is seeking firms to handle a portfolio of private placement corporate bonds as well as securitized credit investments.
City is seeking a firm to provide advisory services on roughly $70 million in operating and capital projects funds.
He will review and enhance new business processes, initially focusing on the firm’s $45 billion outsourced cio business before expanding to support its full sales process.
The plan begins its general investment consultant search due to the expiring contract of its incumbent.
The plan’s discretionary private credit advisor will look to commit $500 million annually to private credit.
The promotions include a new managing director, a director, a v.p., a manager and a fund controller.
The plan made commitments of $10 million each in private credit and multi-family housing at its meeting today.
Plan intends to approve an RFP for a index fund provider next month and terminated a global tactical asset allocation mandate at today’s meeting.
A Texas pension plan added a follow-on private equity commitment at this week’s board meeting.