Plan has issued an RFP for separate account management services to implement a private markets investment program for its OPEB trust.
The commitments include one to a first-time manager for the plan.
He previously served as ceo of Omnitracs, a transportation and distribution fleet intelligence software platform.
The plan will invest more than $90 million overall in two existing relationships.
The plan approved private equity and credit commitments at today’s independent investment committee meeting.
The plan terminated the sole manager handling its $169 million portfolio.
Search is for an investment analyst focused on alternative assets for two funds totaling almost $2 billion.
A university in the Midwest will look to divest its exposure to Russian investments within its long-term portfolio, while pledging to make no further investments in the invading country.
A university based in a Southern state added private equity, hedge fund, private debt and public equity investments during the first quarter.
The plan approved up to $650 million in new private commitments at its board meeting yesterday.