Industry News
The firm has hired a retirement plan consultant to provide not-for-profit and for-profit clients with investment oversight and guidance.
The appointment came after two directors left the college savings plan to join the its program manager as a senior v.p. and v.p.
The fund exceeded its $400 million target and closed above its initial $500 million hard cap.
The firm closed NB Credit Opportunities Fund II with $2.5 billion in commitments.
The search follows the plan announing the impending departure of the incumbent executive director and cio last month.
The plan had previously posted the position to the National Association of Retirement Plan Administrators website in April.
The fund will provide senior secured debt capital to middle market North American businesses.
The firm added a new head of commercial real estate debt and announced additional promotions.
The plans’ new executive director had been handling the position on an interim basis for over a year.
The global private markets manager has announced a series of senior leadership changes.