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The retirement system is seeking additional investment staff due to portfolio increase and complexity.
The new hire will manage the firm’s approximately $25 billion real estate debt portfolio covering roughly 380 assets in the U.S.
The retirement system also disclosed three new alternatives commitments at today’s meeting.
Four total firms will vie for an approximately $521 million mandate.
Managers are launching new open-end real assets funds as competition is increasing in most strategy types and firms that offer more investor-friendly fees and terms can be more competitive in searches, according to a new study.
The investment manager will serve as a generalist and source, underwrite, close and monitor investments across asset classes.
The investment analyst will provide support and assistance for the oversight and management of the university’s endowment.
The newly approved asset allocation increases strategic targets to private equity and public income.
The trust fund added core-plus real estate fund this month as it looks to increase its exposure to manufactured housing and residential real estate.
The fund has partnered with two managers to launch a duo of funds that bar investments in fossil fuel companies or conflict-affected areas.