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The plan opted to hire a new general investment consultant after 10 years with its incumbent.
The new hire previously served as senior manager of investments at the $2.5 billion Montgomery County (Md.) Public Schools Pension & Retirement Plan.
The investment board was informed that two of its client funds have adopted a new asset allocation policy at today’s meeting.
The plan’s investment committee approved a complementary fourth private credit fixed-income manager yesterday.
The new manager replaced an existing firm in the second quarter.
The plan recently made $285 million in private markets commitments.
The current executive director has worked at the fund for 27 years.
The oversubscribed fund achieved its hard cap of 300 million.
The plan received an infrastructure search report that included two candidates at today’s meeting.
The senior portfolio manager had been with the pension plan since 2021.