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The plan is seeking stable value manager services for an approximately $2.1 billion mandate.
The managing director will serve on the firm’s capital markets team.
The retirement system recently replaced its domestic small- to mid-cap value equity manager.
The retirement fund hired a value mandate to complement its international growth equity mandate last month.
The retirement association made 13 commitments totaling more than $900 million.
The manager had been on watch since 2024 due to underperformance.
Leonard Green & Partners has closed its inaugural program dedicated to investing in primarily single-asset continuation funds and third-party private equity managers.
CVC Capital Partners has agreed to acquire 100% of global credit manager Marathon Asset Management in a cash and equity transaction.
The plan is seeking emerging market debt strategies to invest 1.5% of its assets.
The retirement system also considered approving a 2026 private markets pacing plan last week.