FIM Partners has entered into an agreement with Loomis, Sayles & Company to acquire its Global Emerging Markets Equities investment team.
The plan will look to commit up to $400 million to a private equity fund at its board meeting later this month.
The plan hired a new investment manager for its pension fund in September.
The plan disclosed new commitments totaling $525 million at its board meeting last week.
The selected individual will develop investment strategies, ensure portfolio risks and allocations remain aligned with objectives, collaborate with external advisors and more.
The plan was scheduled to vote on an international equity manager termination this week.
The firm has completed fundraising for its fifth debt strategies fund, raising $2.15 billion in equity commitments.
The plan voted to retain its incumbent investment advisor at a meeting last month.
Ares Management has raised approximately $1.5 billion in capital for Ares Direct Lending’s dedicated specialty healthcare strategy.
Flexpoint Ford has named Managing Partner Chris Ackerman as its new ceo.