The new managing director will oversee Elion’s strategic business development initiatives and lead capital formation across its investment vehicles, the firm said.
The plan’s discretionary private credit advisor will look to commit $500 million annually to private credit.
The promotions include a new managing director, a director, a v.p., a manager and a fund controller.
The plan made commitments of $10 million each in private credit and multi-family housing at its meeting today.
He will be responsible for the direct oversight of all research functions at the Chicago-based real estate investment firm.
He will oversee the private equity real estate investment firm’s acquisitions team and lead all acquisition, disposition, and leasing decisions.
A Midwestern pension plan is expected to hire an international small-cap equity manager following a structure review of the asset class.
The plan approved commitments to private credit and non-core real estate at a meeting today.
The $1.8 billion deal is expected to close in the second quarter.
The plan voted to terminate a REIT manager last week due to deteriorating performance and personnel concerns.