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The executive director is resigning for personal reasons after five years in the position.
The plan hired five multi-asset credit managers today as part of its previously approved return-seeking fixed-income structure.
The plan has launched its search for its next executive director after its previous head left in September to join Aon as an associate partner focused on governance consulting services.
The plan made private equity commitments totaling $60 million this week.
The president will join the firm next month and be responsible for further strengthening senior client relationships, attracting talent and expanding the firm’s reach globally.
The incumbent submitted the sole proposal in response to the authority’s RFQ.
The plan swapped domestic small-cap core equity managers last month following a search by its investment consultant last year.
The plan is seeking a firm to handle a $15 million mandate and provide uncorrelated returns to both equity and fixed-income markets.
The plan had more than $430 million in the program at the end of 2022.
The plan made the commitment alongside approving a 3% target to the asset class at today’s board meeting.