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Private markets investment firm Adams Street Partners has named Michael Kurlander as partner and cfo effective Jan. 3.
Fund eclipsed its $400 million capital commitment target.
She will assume the newly created role next year.
The system is looking for record keeping and other services on behalf of its 401(a) and 457(b) plans.
The expansion comes after the recent departure of the lead portfolio manager for the fund.
The plans conducted a similar search in 2019 that resulted in the hire of Voya Financial.
The newly created position reports to CEO Kathy Sutherland.
The plan added a private credit commitment at last month’s board meeting.
The plan received proposals from six consulting firms.
The plan launched a search earlier this year to replace a former manager that was terminated.