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The retirement fund also tabled a proposed value-add real estate commitment today.
The retirement system will discuss implementing its new strategic asset allocation with manager searches.
The pension system also reviewed a private equity pacing plan last week and sent out an invitation only multi-asset credit RFP in April.
The search is being conducted for due diligence purposes.
The managing director will lead Barings’ institutional distribution in the Midwest.
The institution will continue pursuing private equity, venture capital, real estate and certain kinds of hedge funds after revising its asset allocation in the last six months.
The House Ways and Means Committee approved legislation to amend the current 1.4% excise tax on the net investment income of a higher education institution with a tiered system with a max excise tax equal to the corporate tax rate of 21%.
The fund has received more than $390 million in commitments.
The asset manager has launched a new service that offers institutional clients the ability to follow a sustainability-focused engagement and proxy voting framework and hired a managing director and head of sustainability stewardship to lead its team.
The new role unifies the asset manager’s global real estate offering and expands access to firmwide capabilities.