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The retirement system selected a new manager following three finalist interviews held last week.
The plan approved private equity and real estate commitments at its board meeting today.
The plan launched a search last year due to underperformance from its incumbent manager.
The plan hired one new manager and retained one incumbent today.
The executive director has been with the retirement system since 2008.
The fund has closed at its $5.6 billion hard cap.
A sustainable and impact investing assessment found that the majority of surveyed endowments and foundations, 93%, have sustainable investing policies and practices in place with 73% having “sophisticated” or “robust” measures.
The university has extended the search deadline to next month after issuing the RFP in late January.
The university is searching for an investments associate or associate director to help oversee its long-term portfolio with a focus on private equity.
The firm has promoted a senior engagement specialist as its new head of ESG to integrate ESG issues across its investment strategies as well as investment policies, proxy voting and engagement practices.