The hire concludes a volatility risk premium manager search from last year.
The plan recently made a venture capital and a value-add real estate commitment.
The plan committed a total of $50 million to two funds for pacing purposes.
The plan rehired its consultant to a new three-year contract.
The plan hired launched a private equity manager search and wrapped up another in real estate.
The new hire will oversee the firm’s $32.7 billion real estate equity portfolio, which includes core, core-plus, build-to-core, value-add and opportunistic strategies.
The acquisition is expected to close in the first half of this year.
The plan added two managers to its equity portfolio after increasing the target last year.
The searches are for non-core managers to handle up to $140 million and private debt managers to handle up to $60 million
A foundation in the South reviewed its private investments pacing plan last week and made a private credit commitment as part of the pacing schedule.