Alternatives
The associate director will contribute to investment decisions across the portfolio, with a focus on private asset classes, including buyout, growth equity, venture capital real estate and natural resources.
The system expects to receive a recommendation from its general investment consultant to reinvest funds at a future board meeting after approving the termination of a hedge fund manager last week.
The board also named a new retirement manager.
The plan will consider issuing two consultant RFPs due to upcoming contract expirations and recently added a private equity commitment.
The $300 million in total commitments went to existing managers.
The commitments were approved by the plan’s private markets committee at a meeting yesterday and require full board approval later this month.
The plan disclosed commitments totaling $300 million at a meeting last month.
The retirement system added a $75 million commitment to an existing manager relationship last month.
The fund was slated to receive recommendations to restructure its real estate portfolio and add extended equity managers to its portfolio at its board meeting last week.
The tribe’s growth fund, which handles investments in energy, real estate and private equity, announced the launch of a new subsidiary to make majority and minority private equity investments in lower middle market companies.