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The firm recently hired a head of private market client solutions to optimize the role of private market investments in client portfolio as well as a director in its member strategy group to manage and maintain relationships with current and prospective clients.
The Western-based firm closed its inaugural fund, which invests in early-stage climate tech companies, with approximately $90 million in total commitments, above its $50 million target.
The senior managing director joins the firm from Ares Management, where he served as a partner.
The plan committed $75 million to two existing private equity manager relationships.
The county hired a firm to actively trade its investment portfolio last month.
The plan expects to further discuss an international developed markets equity manager search at its upcoming board meetings and recently disclosed five private equity commitments.
The county is seeking a firm to provide recommendations on investing its funds.
The plan will issue its general investment consultant RFP on Dec. 5 after previously expecting to start the search this month.
The fund aims to provide investors access to a global, diversified portfolio of direct co-investments in buyout, growth equity and other private markets transactions.
The acquisition increases Westwood’s total assets under management by 33% to $16.3 billion.