The court’s decision in favor of the consolidation of more than 600 local pension plans ends a multi-year legal battle.
The new hire joins the plan’s private markets team focusing on private equity, private debt, real assets and real estate.
Reid Kilberg will be responsible for business development in the Midwestern region.
The plan committed a total of $20 million to two funds at its board meeting today.
The firm is winding down after losing significant assets in November.
The plan hired the firm for an $8 million mandate at its October board meeting.
The plan committed a total of $20 million across private equity and real estate at its October board meeting.
The plan also made $440 million in real assets and private equity commitments at today’s meeting.
The plan is conducting the search as part of a review of all major contracts.