The new managing director has joined the firm from Permira.
The plans have replaced their domestic core-plus fixed-income manager, which had been on watch since the second quarter of 2023.
The fund surpassed its $300 million fundraising target.
Raudline Etienne is founder and ceo of Daraja Capital, a seeding platform that backs first-time opportunistic, private equity, real assets and real estate fund managers led by investment professionals of color and women. She took the time to answer five questions with FIN News.
The search is due to the upcoming contract expiration of incumbent Empower Retirement.
The retirement system approved two private equity commitments for pacing purposes and diversification yesterday.
The head of private credit will lead the firm’s private credit business and focus on platform-wide growth and expanding investment capabilities.
The pension plan made an up to $50 million private credit commitment last week.
The pension plan currently works with general investment consultant Mariner Institutional.
The retirement system approved an approximately $25 million private equity commitment last month.