The interim executive director’s appointment is slated to go into effect on Jan. 20.
The farmland manager will handle mandates totaling $28 million for two pension plans.
The retirement system expects to conclude the search at a May 9 board meeting.
The retirement system transitioned its passive domestic equity mandates with BlackRock to active management in the third quarter.
The plans previously utilized MissionSquare Retirement.
The position will report to Deputy CIO of Private Markets Allen Waldrop.
The incumbent provider will see its contract with the plans expire in August.
The acquisition will see MetLife Investment Management’s assets under management increase to more than $700 billion.
The plan made two commitments totaling $315 million today.
The fund was raised within four months of its launch.