The plan will invest $100 million into a private equity fund-of-one over the next five years.
Plan finalized its selection at a December board meeting.
The private equity firm’s president died over the weekend.
Pretium has hired Emily Stecher as a managing director and coo of the business development team, the firm announced today.
The incumbent manager was first hired in 2015.
Hywel Robinson has joined the firm as a principal.
The contract has not yet been finalized, however, the plan has awarded a firm in the search.
The acquisition will advance MIM’s ability to grow its higher yielding private credit offerings.
The college has commenced a search for an investment manager for a portfolio ranging from $10 million to $20 million.
The plan made three follow-on commitments today.