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Plan committed an additional $350 million to its in-state private equity investment program, which was established in 2000.
The plan opted to rehire its general investment consultant following a search launched earlier this year.
The plan has launched the searches ahead of Bob Maynard’s upcoming retirement in September.
The organization is deliberating the future structure of its investments practice as its cio is set to step down from the role this summer after eight years in the position.
The plan retained its incumbent following a similar search conducted in 2015.
He will be responsible for strategic growth initiatives focused on business and environmental services.
He is responsible for fund creation, institutional client solutions and co-investments.
The transaction is expected to close in July.