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Homestead Capital has hired Max Nightingale as managing director and head of strategic growth.
The retirement fund is seeking primary direct private equity funds to handle up to $50 million in commitments.
Both vehicles exceeded targets to expand the firm’s platform within the U.S. lower middle market.
The proposed transaction is expected to be finalized next month.
The plan terminated its previous consultant less than one year into its contract.
The investment board’s current consultant will see its contract expire in June.
The retirement system also retained its three core fixed-income managers last week.
The plan is seeking index managers to handle a total of $45 million.
The pension system added $240 million across the real estate, infrastructure and private credit asst classes last month.
The senior portfolio manager will oversee the relaunch of two U.S. listed real estate strategies under the firm’s banner.