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The retirement system also made a follow-on private equity commitment today.
The authority expects to issue an award notice in January.
The plan’s board had been in a protracted search that had initially seen Verus hired over incumbent Callan and then the search restarted.
The new hire joined the firm from State Street Investment Management.
The senior portfolio manager was with the firm for 32 years.
The pension plan hired a new domestic large-cap growth equity manager last month.
The retirement plan is seeking a general investment consultant due to an upcoming contract expiration.
The plans considered approving an RFI last week due their record keeper’s upcoming contract expiration.
The search is for venture capital, lower middle market, growth equity, turn-around and pre-IPO strategies to complement the fund’s existing core private equity portfolio.