Crescent Direct Lending Fund IV raised $10.8 billion in investable capital.
The new head of government and Taft-Hartley plans most recently served as v.p of government markets at the firm.
The retirement fund was scheduled to review its international equity portfolio structure last month after terminating a firm in April.
The retirement plan also added a private equity commitment at last week’s board meeting.
The retirement system appointed the executive director from a Southern state pension to take on the same role.
The retirement system’s executive director resigned from the role after 10 years.
The retirement fund added domestic small-cap value and global low volatility equity managers to its watchlist in April.
The retirement system replaced an underperforming U.S. small-cap value equity manager last quarter.
Ampersand 2026 Limited Partnership closes with $1.5 billion in commitments.
The firm terminated a roughly $100 million mandate and will use the proceeds to support benefit payments and fund capital calls.