The new asset allocation includes a 5% private credit target.
The commitments fulfill the plan’s private markets pacing schedule this year.
The retirement system rehired its incumbent following a similar search in 2018.
The county last conducted a similar RFP in 2020.
The senior director of private equity joined the firm last month from a pension fund.
A total of three firms were considered in the search.
The plan’s incumbent managers were first hired in 2018.
The three private markets commitments totaled $65 million.
The selected firm will manage its operating and capital assets.
The system’s board has named an acting executive director from the state treasurer’s office.