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Patrick O’Donnell joined the firm this week from BlackRock.
The commitments were approved by the plan’s private markets committee at a meeting yesterday and require full board approval later this month.
The plan expects to interview two finalists at its November investment committee meeting.
The incumbent consultant was awarded a new eight-year contract.
The new hire will assume leadership responsibilities across the firm’s $221.2 billion equities platform.
The new hire joins from Columbia Threadneedle Investments.
The plan disclosed commitments totaling $300 million at a meeting last month.
The retirement system added a $75 million commitment to an existing manager relationship last month.
The plan’s board will vote on a recommendation at a meeting later this month following finalist interviews this week.
The district is looking to consolidate from three advisors to a single firm to provide the services for various funds.