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The plan is looking to fill a 5% target to liquid real assets within its OPEB portfolio approved over the summer.
The plan reached into its past to hire for the newly created position, which will focus on higher growth and higher risk and reward opportunities.
The plan will also interview three diverse-focused private equity managers next month.
The plan will issue an RFP for non-discretionary and discretionary services in January.
The plan is searching potential replacement for its current domestic large-cap growth equity manager.
The search follows a recent portfolio manager departure from its incumbent manager.
The deal will create a new private capital platform with more than $60 billion in combined committed capital.
Pacific Asset Management will be renamed Aristotle Pacific Capital.