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The 529 plan is likely conducting the search due to the impending contract expiration of incumbent 529 industry consultant, which was retained in 2023 following a similar search.
The hire follows a search from last year as the institution looks to build out its investment team.
The position is responsible for overseeing operational due diligence on prospective investment opportunities after the previous investment operations lead left the institution.
The college’s previous finance head left last year to join a public museum in a similar role.
The retirement system also hired two value-add real estate managers today.
The plan is searching for a replacement for an underperforming incumbent.
Ascend Capital Partners closed its second fund and parallel vehicles with $791 million in total commitments.
Marty LaPrade was the lead portfolio manager on the firm’s U.S. large-cap growth equity strategy.
The retirement system made venture capital commitments totaling $45 million last month.
The college’s current investment head is leaving to join a private investment office that manages the assets of a global multigenerational family.