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The search is for senior direct lending managers.
Gerry Watson has worked at the Rockefeller Brothers Fund for nearly 30 years, and is responsible for the oversight of its approximately $1.3 billion endowment, accounting, technology and operations functions as well as the Rockefeller Family Fund, the David Rockefeller Fund and several of the fund’s affiliates.
The firm will provide services to the city’s various funds and accounts.
The pension plan will consider hiring one firm to provide hedge fund, credit and real assets consulting services next week.
The new hire is being integrated into the firm’s collateralized loan obligation platform alongside Managing Director and Portfolio Manager William Lemberg, who will be retiring in the spring of 2025.
The plan began a search in April that excluded its two incumbent managers.
The commitments were made under the plan’s delegated authority.
She joins the firm from Macquarie Asset Management, where she headed their U.S. wealth private markets.
The firm will cease advisory operations at the end of this month.
The deferred compensation plan’s active global large-cap growth equity manager had been on watch since the third quarter due to underperformance.