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HPC’s passive minority investment will help L Catterton develop new strategies.
The plan’s investment committee hired an emerging markets core equity manager and approved two credit commitments last week.
The firm exceeded its $3 billion target for the fund.
Plan adds deputy cio for operations from its legal team.
The authority rehired its incumbent investment advisor at a meeting this month.
Investors in the fund include the New York State Common Retirement Fund.
The maiden asset class was added as part of a new asset allocation approved last year.
The plan is seeking to fill a position that was vacated in May and is being filled on an interim basis by its previous cio.
The firm hired a v.p. of sustainability global markets to oversee execution of sustainability and stewardship initiatives and serve as an advocate and spokesperson with clients, external organizations, policymakers, regulators and internal stakeholders.
The university’s v.p. and cfo is stepping down from the role later this spring to join a West Coast university as its next v.p. for finance and administration.