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Thaddeus Pollock has joined Mutual of America Capital Management as executive v.p. and head of value equity.
The move is part of the firm’s long-term succession planning.
He took on the newly created role last month.
The plan also made a direct lending commitment in the fourth quarter.
The selected firm will help manage the authority’s bond proceeds.
The retirement system terminated its domestic core real estate manager after being informed of its underperformance and personnel changes in December.
The retirement fund is seeking general investment consultant services as the result of state statute, which requires they be placed out for bid at least every five years.
Following the transaction, Sterling Capital will operate as a standalone entity.
The plan is looking to diversify its current fixed-income bucket.
The retirement system hired three managers and made follow-on commitments to two existing strategies as part of an evergreen private debt search.