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The plan will interview three co-investment finalists next month for an up to $10 million mandate.
They will also retain their existing responsibilities as CIO and COO, respectively.
Plan made asset allocation changes in an effort to move closer to its long-term policy and disclosed four commitments today.
Plan will issue the RFP next month on its general investment consultant’s website.
Plan is seeking private debt managers to each handle an up to $100 million mandate and approved new asset allocation policies last week.
The new firm replaces Thompson, Siegel & Walmsley, which had been monitored for performance reasons since 2019.
He will help build out the firm’s solutions business as well as contributing to relationships with key institutional clients.
The new group combines the market advocacy and innovation and research team, the financial institutions group and the network management team.
Plan terminated its passive fixed-income manager to improve historical risk-adjusted performance.
He will spearhead efforts to design and deliver products and solutions for alternatives.