Global alternative investment manager TPG and global investment company Temasek are making a substantial minority investment in alternatives consulting firm Cliffwater.
The plan was informed of two staff-delegated commitments at its April 17 board meeting.
The plan’s current U.S. small-cap growth equity allocation is handled by UBS Asset Management.
Josh Pristaw will join Clarion Partners’ senior leadership team as managing director and president.
Michael Townsend, administrator for the $21.8 billion Arizona Public Safety Personnel Retirement System, will retire later this year.
The plan approved a private equity commitment at its board meeting this week.
Hyas Group currently provides the services for the $143 million plan.
He previously served as a senior portfolio manager for the United Parcel Service’s $43 billion pension portfolio.
The plan is seeking value-add/opportunistic real estate and global multi-asset allocation managers.
The plan’s current executive director will retire this summer.