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The software-focused investor has appointed a new head of the firm’s private credit platform.
The plan also delegated investment authority to its executive director.
The retirement plan received three submissions to its RFP issued earlier this year.
The position was left vacant last year after a departure.
The commitment was made based on the plan’s current allocation and future cash flow assumptions.
The plans currently work with general investment consultant Callan.
The taxable bond portfolio manager has been with the firm since 2005.
The hire concludes a search launched by the North Dakota State Retirement and Investment Office in April.
The county is seeking the services on behalf of its $9.9 million 457(b) and $414,000 401(a) plan.
Diversis Capital has closed its third fund with over $1.2 billion in total commitments.