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The retirement system interviewed three finalists for its general investment consultant search.
The search is due to the incumbent consultant’s upcoming contract expiration.
The trust committed $70 million across two commitments last month for pacing purposes.
The current director is set to retire this year.
Tessa Tanis has been appointed the new director of real estate for the North Carolina Retirement Systems.
The new hire spent the past five years as head of fixed-income research at investment consultant Meketa Investment Group.
The fundraise increases total private credit strategy assets to $15 billion.
The plan also previously rehired the firm in 2019 following a similar RFP process.
The plan approved $350 million in commitments with GPs at a meeting last week.
The plan named two firms to manage $450 million total.
