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The plan hired an additional fixed-income manager at its first September board meeting.
The commitments complete the plan’s private equity pacing for the year.
The plan launched a search late last year due to the contract expiration of its incumbent.
The plan conducted a search earlier this year due to the incumbent’s expiring contract.
The plan approved private equity and tangible assets commitments at its meeting today.
He first joined the firm in 2020 and serves as a portfolio manager on the firm’s mid-cap growth fund.
The search follows the addition of a maiden 3%, or $350 million, target to the asset class in March.
The managing director will head up the firm’s business development and investor relations efforts.
The plan is searching for infrastructure managers after creating a maiden target to the asset class last year.
The managing director works with nonprofit, religious, public and corporate clients and has been with the firm for over 25 years.