A California plan is searching for a senior portfolio manager for private equity.
He will focus on analyzing and making new investments and supporting existing portfolio companies.
The plan made two private commitments for pacing purposes.
He will focus on the New York-based private equity firm’s investments in the industrials sector.
The promotion entails additional internal management responsibilities.
Plan disclosed $95 million in new private equity and real estate commitments and is searching for a new private markets head.
Follow-on commitment will see fund focus on global diversified buyout partnerships.
Organization intends to invest $200 million in diverse-owned and led private equity firms raising first or second funds.
The plan will interview two private equity managers this week after approving a new asset allocation in May.
Plan will recommend a single firm for hire next month following semifinalist interviews scheduled for this week.