The new hires will focus on business development for institutional and high-net-worth funds.
The ceo will stay on through April as an advisor to ensure a smooth transition.
The 529 program named a new director to manage its assets and operations of its plans after its director retired on July 1.
He will lead the firm’s distribution strategy across Europe and Asia.
Deputy director of operations left on Sept. 16 after 24 years with the plan.
He will oversee multifamily investment activity in the Western U.S. region.
He joins the firm from BlackRock.
The fund will invest in subordinated debt investments as well as senior secured debt.
The firm’s ESG strategies focus on carbon emissions, clean energy, water and other areas.
The strategy is more than twice the size of its predecessor fund and will invest in underserved lower middle market businesses with a focus on healthcare, software and services industries.