Anne Valentine Andrews will join the firm on March 4 from BlackRock.
The fund closes at $1.7 billion, above its target size of $1 billion.
The position will help support the plan’s private markets portfolio.
The new ceo is responsible for the investments, operations and expansion of the firm’s private equity business.
The transaction represents ISCG’s 12th GP investment since its inception in 2019.
Thaddeus Pollock has joined Mutual of America Capital Management as executive v.p. and head of value equity.
He took on the newly created role last month.
Following the transaction, Sterling Capital will operate as a standalone entity.
The private investment firm added a managing director to its direct lending investment platform.
The private equity firm appointed a 20-year veteran to the newly created role.