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The plan hired a veteran investment staffer from the Los Angeles City Employees’ Retirement System.
The low middle market buyout fund will follow the same investment strategy as the firm’s predecessor funds.
The pension plan is looking for global infrastructure managers to handle approximately $20 million after approving the search in the first quarter.
The deal would have seen Spouting Rock Asset Management acquire approximately 70% of the private market value equity firm over the course of two years.
The pension plan hired a manager to implement its maiden 7% target to domestic fixed-income as part of a new asset allocation policy in March.
The plan rehired NEPC as its general investment consultant in April following a search launched in January.
The foundation has promoted a senior member of its investment team to cio and is conducting a search for a director of investments to succeed the role vacated by the new investment head.
The firm recently named a partner as the new team leader for its foundation and endowment practice.
The private equity firm’s oversubscribed low middle market buyout strategy was double the size of its predecessor fund.