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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.
Plan made several manager changes to its equity portfolio as part of a transition conducted by its new general investment consultant.
The private equity firm has also promoted two senior associates and an assistant controller.
He will be responsible for the direct oversight of all research functions at the Chicago-based real estate investment firm.
An OPEB fund in a Midwest state has retained its incumbent investment advisor following a search initiated last year.
The plan appears to be seeking its first passive investments in equities and bonds.