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The plan placed its sole global equity manager on watch in the second quarter.
The fund’s $45 million in assets are currently invested in a balanced portfolio.
The fund will focus on value-add investments in shopping centers anchored by national retailers in high-growth markets.
The fund closed at its hard cap and surpassed its $1.5 billion target.
JJ Wilczewski joined Principal Asset Management as executive managing director and head of U.S. and European distribution effective today.
The firm will be responsible for the plan’s private equity, private credit, private infrastructure and private real assets portfolios.
SLC Management today announced GreenOak as the new single global brand for its $326 billion investment management platform.
The plan adopted a new non-U.S. equity structure last month for diversification purposes.
Jean Gulliver has joined growth equity firm Silversmith Capital Partners as head of investor relations.