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John Bruen has joined H.I.G. Capital as a managing director on the senior infrastructure team.
The plan’s executive director and cio will depart after serving in both positions since 2018.
The plan will hear a geographically diverse private debt strategy next month.
The investment manager will be tasked with managing $75 million.
Firm added a relationship manager for Western U.S. institutional investors.
The investment consulting firm has announced the appointment of a new president and ceo ahead of the retirement of its current leader at the end of 2024.
The pension system added a new commitment to an existing credit manager relationship last week.
The plan will continue their discussions on potentially investing in private credit at a meeting next month.
The pension plan hired the firm based on its favorable returns, low fees, diversification and low correlation to existing active core-plus fixed-income manager Loomis, Sayles & Company.
Pension plan expects to review approving a search for international small-cap equity managers next month.