Plan approved an opportunistic commitment to an existing manager pending a review by its investment consultant.
The new partner will lead sourcing, evaluation and execution of investments as well as support portfolio companies.
He will support the private equity firm’s efforts in sourcing and evaluating new investment opportunities.
Investors’ 2020 search activity remained on par with previous years despite the COVID-19 pandemic and there continues to be increased activity for private investment strategies, according to a recent webinar from an investment consultant.
Fund selected firms to implement emerging manager programs in private equity and private real estate last week.
The plan made two follow-on private investments in the first quarter.
He will focus on business development and fundraising for the firm’s private equity products.
The new hires began on April 1 and April 19.
The plan will receive presentations from two private infrastructure managers at a meeting next month.
The new promotions include a v.p., two senior associates and a principal.