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The program approved the addition of a new small-cap value fund to replace an existing strategy within a lineup of underlying fund managers and rehired its investment consultant for a three-year term.
Private equity firm has appointed a retired rear admiral as its newest managing director.
Real estate private equity firm Madison International Realty has appointed Michael Siefert and Evan Abrams as co-heads of global equity capital markets, the firm announced.
TJC has closed its second continuation fund at $2.1 billion.
The plan’s consulting contracts are slated to expire in the first quarter of 2025.
The plan made the decision in closed session of its August board meeting.
The retirement system is seeking an international growth equity manager to handle $200 million.
The plan’s current manager has been under scrutiny due to organizational and personnel changes.
He leaves a role he assumed in 2022 after previously retiring from the California Public Employees’ Retirement System in 2020.
The firm’s newest partners join from New Mountain Capital and Marlin Equity Partners.