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The new president of fixed-income will be responsible for the strategic direction of SLC Management’s global fixed-income platform.
The plan will look to commit up to $400 million across two venture capital funds later this month.
The incumbent had served as general investment consultant for the plan for nearly a decade.
The deputy portfolio manager will depart the firm at the end of this month.
The fund exceeded its $1.75 billion target.
The plan has issued RFPs for an international small-cap equity manager and a general investment consultant.
The acquisition consists of a “significant majority” of the wealth business, including Wealthspire Advisors, Fiducient Advisors and Newport Private Wealth.
The firm closed its ninth growth buyout fund with commitments totaling $7 billion.
The middle market private investment firm has raised more than $3 billion total for its latest private equity and credit funds.
The asset manager has appointed its global co-cio to serve as its new president, responsible for developing the firm’s long-term strategy, executing operating plans, delivering investment performance, cultivating client relationships, managing vendor relationships and developing staff.