Infrastructure
Hires stem from a newly adopted asset allocation.
The plan is seeking managers to handle an up to $600 million mandate.
The search is to replace a manager terminated at last month’s board meeting.
The two private equity commitments were made for pacing purposes.
The plan made a $25 million infrastructure commitment last month.
The new hires include a head of infrastructure debt, an infrastructure debt principal and a head of operational and strategic support.
A fund in the South approved a commitment to a private equity infrastructure fund at its board meeting last month.
The plan added a commitment with a new global infrastructure manager.
Plan directed its general investment consultant to return with a search on “best ideas” real assets strategies.
A Midwestern employees pension plan concluded the second phase of its search with the hire of two managers at today’s investment board meeting.
