The pension fund is looking to expand its investment team.
The terminations are consistent with the retirement plan’s previously approved public equity restructuring.
The plan has been slated to issue the RFP this year for due diligence purposes.
The new managing director will launch the firm’s dedicated GP-Led secondaries investing strategy.
The plan bolstered its private real assets portfolio with three commitments today.
The pension plan is recommending removal of exposure to Clearlake Capital Group within Pathway Capital Management’s portfolio.
The investment consultant added a senior research analyst from the island state pension fund.
The pension plan approved a pair of real estate commitments that fall in line with its annual pacing plan.
The district is seeking the services for its approximately $77 million portfolio.
Timothy Reese has served as ceo and cio of the $3.9 billion Pennsylvania Municipal Retirement System since 2020.