The search is due to the incumbents’ upcoming June 30 contract expirations.
The plan was notified of four commitments in closed session at yesterday’s board of investments meeting.
The managing director will help source and execute structured capital solutions.
The firm has appointed two new hires and an existing employee to its executive committee.
The plan hired two managers to fill its maiden domestic small-cap equity target and committed to a new timber manager in August.
The plan committed $10 million to an existing real estate manager last month.
The plan will issue a general investment consultant RFP due to an upcoming contract expiration and conduct an asset allocation study to consider eliminating its risk parity asset allocation.
The funds target investments in late- and mid-stage growth companies.
The private credit fund focuses on asset-backed investments.