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The senior investment analyst of private markets will identify strategic and tactical opportunities to enhance the North Dakota State Investment Board’s portfolios.
The plan approved commitments to two core infrastructure funds and one new core real estate manager relationship.
The proposed transaction is expected to close in mid-2025.
Ben Skrodzki will now oversee the plan’s global public equity and private equity portfolios.
The retirement plan replaced its domestic core-plus fixed-income manager following a bond manager review in May.
The city issued an RFP seeking services for approximately $200 million in assets.
The new associate joins after a year of interning with the private equity firm.
The plan’s general investment consultant will see its contract expire next year.
The plan will move the assets from the underperforming manager to cash for use in making benefit payments.
The incumbent’s five-year contract is nearing its end.