Two-thirds of defined contribution plan sponsors are likely to conduct a fee study in 2023, according to a new survey from investment consulting firm Callan.
New managing director will cover the Taft-Hartley client channel in the Midwest and on the West Coast.
The strategic addition supports growth of the firm’s liquid credit platform.
Parthenon Capital closed its seventh fund with more than $4.5 billion in commitments.
Plan continues working toward executing a transition of assets away from the state fund.
He most recently served as a managing director and chief development officer at The Carlyle Group.
HPC’s passive minority investment will help L Catterton develop new strategies.
The firm exceeded its $3 billion target for the fund.
Plan adds deputy cio for operations from its legal team.
Investors in the fund include the New York State Common Retirement Fund.