The retirement system committed to an existing private debt manager relationship in the third quarter.
The deferred compensation plan recently replaced a domestic small-cap value equity manager that had been on watch since 2024.
The hire concludes a search launched last year following two staff departures.
The firms have created a separately managed account that allows financial advisors to allocate to private equity, private credit and real assets.
The pension plan disclosed commitments totaling $1.5 billion in the fourth quarter.
The pension plan committed up to $65 million total to private credit and private markets managers yesterday.
The village received 12 proposals in response to an RFP issued in September.
The plans are reviewing recommendations to replace three existing managers.
The officer will lead firmwide portfolio execution and value creation efforts.
The managing director will serve on the firm’s capital markets team.