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The plan is conducting an “opportunistic search” for small-cap core managers to potentially handle up to $200 million.
The hire is a result of a new asset allocation adopted last month.
The commitments were made in closed session at a special board meeting this week.
The PM will contribute to the U.S. equity platform and the global small-cap equity strategy.
One partner serves as a consulting director, while the other is a research analyst.
They join the private investment firm from BlackRock and Warburg Pincus.
The director will primarily build relationships with U.S. institutional investors.
The plan approved transitioning management of its three passive domestic large-cap equity mandates at a board meeting today.
The team will oversee $500 million in global equity strategies.
