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The consulting firm appointed its partner and cio as president, effective Jan. 1, that will eventually take over the ceo role to start 2027 as the current ceo moves to a senior advisory role.
The pension plan also made a follow-on infrastructure commitment.
The plan also approved a recommendation to exit its midstream energy allocation.
The board launched a search earlier this summer due to its incumbent manager’s expiring contract.
The pension plan approved an infrastructure implementation plan at this week’s board meeting.
The pension plan recently made three commitments totaling $800 million.
The position was left vacant following the retirement of the plan’s former manager earlier this year.
The plan is looking to award $250 million to $3 billion in mandates.
The plan also concluded its small-cap growth search at today’s board meeting.
The fund exceeded the firm’s original target by nearly 40% and doubled the predecessor vehicle’s fundraise.