He is responsible for identifying and evaluating investment opportunities.
Plan’s board committed $130 million to a private equity energy fund and was notified of an additional private equity commitment this week.
Plan’s new 4% target to private equity will help increase its expected return.
Commitment is with a private equity strategy centered around making investments in the North American midstream energy sector.
The university added several venture capital strategies and a buyout private equity fund to its endowment in the first quarter.
The four new firms help make up the plan’s new $5.2 billion fixed-income structure.
Consideration of private equity comes as part of an asset allocation study expected for review this week.
The plan committed $100 million each to three private equity firms at its May board meeting.
Plan’s board considered terminating an emerging markets value equity manager and disclosed several alternative commitments and manager terminations last month.
He will identify growth opportunities across the healthcare market.