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The incumbent was also the lone bidder to an RFP.
The plan is in the process of filling its 5% private credit target and conducting a real estate portfolio structure review.
A partner and director of research left the plan’s domestic large-cap value equity manager this month.
Plan approved hiring three firms to make up a panel of transition managers.
The firm has also promoted three new v.p.s, two principals and a managing director.
The strategy is focused on OECD countries primarily in North America and Europe.
The increased commitment will provide the plan with “an equal-weighted exposure” between its U.S. and European private credit managers and the termination will reduce volatility.
The new executive director/cio will be responsible for close to $125 billion in assets.
The senior investment officer has left after six years to join a West Coast-based family office as director of private investments effective Sept. 1.
The university’s parent organization is searching for a director of investments to help manage and oversee its investments after its director of investment strategy and portfolio management left earlier this year.