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Sean Sullivan has joined Octagon Credit Investors as managing director and head of private credit.
The retirement system appears to be considering alternatives for an underperforming incumbent.
The plan will look to conclude its private markets consultant search next month.
The firm has named a successor for Wesley LePatner, a real estate executive that was killed at the firm’s New York headquarters in July.
The pension fund hired a pair of international growth equity managers at this week’s board meeting.
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The retirement system expects to issue the RFP in November.
The firm’s new president will succeed Eric Stevenson, who will retire in 2026 after seven years in the position.
The retirement system made three private equity commitments totaling $100 million in August.
The change comes as part of an overall review of the real assets portfolio by its general investment consultant.