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The fund had been on watch for underperformance since last year but more recently abruptly replaced its lead portfolio managers.
The v.p. will oversee financial operations and support Kinzie’s growth across fund management and internal infrastructure.
The retirement system added a second manager to its fixed-income portfolio last month.
The firm has closed THL Equity Fund X with $6.35 billion in investable capital.
The pension trust first hired the firm as its new consultant in 2019.
The pension fund also trimmed an underperforming manager’s mandate by 30%.
Lisa Hornby spent the past 16 years at Schroders, where she served as head of U.S. fixed- income until her departure yesterday.
The commitments include two new relationships for the plan.
The retirement fund also disclosed commitments totaling roughly $1.5 billion in March.
The university has hired a managing director focused on universities and foundations at an investment consulting firm as its next investment head, beginning later this month.