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The plan is seeking an investment consultant to oversee and advise on its trust fund due to the contract expiration of its incumbent provider, which is allowed to rebid.
The firm announced the addition of a wealth management and investment advisory firm as it looks to grow its footprint in a Southern state.
The cio previously served as a member of the plan’s investment committee and board of administration.
The hire concludes a search for investment advisory services launched in May.
Plan will target $150 million in non-core real estate commitments in fiscal year 2022-2023.
The new MDs will oversee investor development, servicing and relationship management as well as public affairs, marketing and media relations.
The fund will employ a mix of complex and traditional growth, buyout and turnaround investments in the North American middle market.
The firm has also hired a consultant relations director and an institutional sales director.
The funds will focus on investments in industrials and healthcare businesses.
The plans, which have $420 million in combined assets, are searching for an investment advisor.