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The retirement system’s cio disclosed recent staff-delegated alternatives commitments totaling $110 million.
The new hire will oversee the firm’s investment activities alongside Co-CIO and Vice Chair Pablo Calderini.
The institution has launched a search for a discretionary investment manager to handle its pooled investment program following a similar search from 2019.
The alternative investment firm raised approximately $400 million for private credit and equity tranches of lower middle market business across healthcare, business services and education sectors.
The plan awarded a contract to its incumbent consultant last week.
The firm is predicting moderate global equity performance, better high-yield bond returns and strength in private credit over the coming decade.
The plan is searching for an outsourced cio in an effort to generate higher returns.
The pension system will interview three recommended finalists at its March 6 board meeting.
The retirement plan also terminated a core-plus fixed-income manager.
The director will lead the public markets manager research team and oversee the investment process.