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The hire is in line with Callan’s efforts to increase its alternatives research resources in recent years.
The plan is looking to create a broadly diversified private credit portfolio.
The firm’s newest hire joins after approximately 30 years at Aon Investments USA.
The plan made a private equity commitment and approved a hedge fund redemption at today’s board meeting.
The plan is seeking open-ended fund managers to handle $45 million.
Lorenzo Newsome Jr. has developed a lot of skills that he believes will help him excel in his first role on the allocator side of the table.
The plan also named finalists in its non-core real estate and private credit searches.
The plan replaced its international growth equity manager in June.
The termination, which was recommended by the plan’s general investment consultant, stems from performance reasons and a key personnel departure.