Private Equity
The plan is considering two private markets managers for its emerging manager program.
The firm’s private equity director has left to join a healthcare-focused investment firm.
Plan disclosed up to $189.5 million in new venture capital and real estate commitments.
The fund employs private equity-style control and high-yielding private credit practices.
The plan made a commitment to one new manager alongside two follow-on commitments.
The plan committed $25 million to a buyout strategy last month.
He will help develop investment theses for the fund and build relationships with business owners.
The new v.p. will manage and expand the firm’s intermediary relationships, and the analyst will develop and launch a technology-enabled sourcing platform.