Pennsylvania SERS appoints new acting CIO

Nolan will have the powers and duties of the CIO, until the board appoints a replacement.

Nolan is replacing W. Bryan Lewis, who is leaving the system effective 2 August 2019, to pursue another career opportunity.

PSERS is going to undertake a search for Lewis's successor, according to executive director Terrill Sanchez.

Nolan joined PSERS four years ago as deputy CIO. He has focused on asset allocation, risk management and cost containment across all asset classes. He also oversees the investment structure of the Deferred Compensation Plan and recently led the rollout of the new Defined Contribution Plan's investment structure that launched at the beginning of the year, according to a press release.

Before PSERS, Nolan worked in managerial roles in the corporate sector for more than 20 years, overseeing corporate defined benefit plans covering internally and externally managed investments, as well as defined contribution and deferred compensation plans.

PSERS had invested 10.7% of its portfolio to private equity as of June 2018.

The pension fund has recently committed to Summit Partners Growth Equity Fund X, Lindsay Goldberg V, Platinum Equity Small Cap Fund I and ICG Europe Fund VII.

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