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The institution increased its allocation to venture capital and domestic equity allocations last week through target reductions to diversifying investments, international developed equity and emerging markets equity.
The principal will source managers and oversee pacing models for private market investments.
Plan disclosed new private equity and real estate commitments at its meeting last week.
Plan’s consultant will present report on the $8 million search in June or July.
The plan will receive a list of candidates at its June 25 board meeting.
He will handle the origination, execution and management of credit investments across the capital structure in the region.
Plan is searching for a non-discretionary manager for its $1.6 billion portfolio.
The transaction is expected to complete in the first quarter of 2023.
Plan selected two finalists in its emerging markets small-cap equity search and added a real assets commitment for pacing purposes today.