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The plan made commitments totaling $500 million to three funds and retained its incumbent to advise on its defined contribution plans last week.
The plan is currently administered by Nationwide Retirement Solutions and MissionSquare Retirement.
The plan will invest $100 million into a private equity fund-of-one over the next five years.
Plan finalized its selection at a December board meeting.
Pretium has hired Emily Stecher as a managing director and coo of the business development team, the firm announced today.
The incumbent manager was first hired in 2015.
Hywel Robinson has joined the firm as a principal.
The contract has not yet been finalized, however, the plan has awarded a firm in the search.
The acquisition will advance MIM’s ability to grow its higher yielding private credit offerings.