The plan committed to two private equity funds following interviews held today.
The new fund will target opportunities alongside sponsors that focus on growing secondary markets and gateway cities.
A Virginia-based pension plan added commitments with new and existing managers in September and made several changes to its fund lineup over the past fiscal year.
The search is due to the contract expirations of its two incumbents that currently manage over $900 million.
The plan’s current emerging markets equity manager stands to lose two mandates.
They join the 25 current managing directors in leading the firm and its affiliated investment funds.
Iron Park manages $3 billion in assets across public and private credit.
He will work with the executive leadership team to manage many of the firm’s day-to-day operations.
The promotions include a partner, two managing directors and a v.p.
She will focus on investments in the consumer sector.