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A New York University managing director of investments has left the institution to join the Museum of Modern Art as its next investment head following a search from the second half of 2022.
The search will target multiple managers to each handle a maximum of $600 million.
The plan has issued an RFP seeking third-party administration services.
Scott Mather had taken a leave of absence from the firm starting in October.
The plan, whose incumbent was first hired in 2016, is seeking managers to handle between $30 million and $40 million.
The plan adjusted its asset allocation policy to reflect its progress toward an 11% long-term private equity target and also approved two commitments in September.
The commitment represents a new relationship for the plan.
The plan will launch a credit manager RFP next month to fill a maiden allocation to the asset class.
The firm was first hired in 2016.
The plan terminated a core real estate manager that had been on watch since March for both organizational and performance reasons.