The plan launched a search last year following the creation of a new 11% sub-asset class target.
The pension plan approved $435 million in alternatives commitments at its board meeting last week.
Michael Krems has joined Apollo Global Management as a managing director.
The retirement fund terminated the manager due to underperformance.
Cohen & Steers has promoted Daniel Noonan to head of global distribution.
The program, which will officially launch in 2027, has begun a search for an investment consultant.
The firm’s third dislocation fund surpassed its initial hard cap of $4.25 billion.
The plan terminated a domestic large-cap growth equity manager last month.
The firm has made several additions to its client solutions team to focus on the institutional channel.
Kingswood Capital Management has received a passive minority investment from Bonaccord Capital Partners.