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The fund has hired the managing director of research and investment strategy at a Midwestern hospital system as its next cio and they begin the role in the third quarter.
The firm cleared the initial hard cap for the fund.
The plan rehired firms and made one new hire in its search launched last summer.
The plan is seeking general investment consulting services but may also consider specialty consulting firms for real assets and private equity.
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
The upcoming search will seek potential replacements for the plan’s incumbent, which handles $477 million.
The commission had $163.9 million in total cash and investments as of Dec. 31.
The plan also disclosed two staff-delegated investments at a meeting yesterday.
He will lead investments across the Northeast and Southeast regions of the U.S.
The hire concludes an RFP search launched as part of an investment consultant strategy in March.