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The newest commitments come as part of a pacing plan for the asset class.
The retirement system made six commitments totaling $265 million this week.
David Brooks has joined Hotchkis & Wiley as managing director for client and consultant relations.
The state deferred compensation fund previously authorized a search to replace an underperforming incumbent in January.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The plan’s current executive director is set to retire later this year.
The retirement system hired a new international large-cap core equity manager for diversification purposes last month.
Investors will need to focus more on adaptability, manager selection and resilience to find success amid a rapidly changing investment landscape driven by AI, secondaries opportunities and growing private credit markets, according to an annual report from global private markets investment manager Hamilton Lane.
PPM America Capital Partners, the private equity arm of PPM America, has promoted a new partner.
The former ceo resigned in 2023 after the board questioned his commitment to the retirement system.