Paula Chester has been named director of private equity for the $104...

Paula Chester has been named director of private equity for the $104 billion New York State Common Retirement Fund, said H. Carl McCall, state comptroller and sole trustee of the fund. She will oversee a portfolio of nearly $8 billion in alternative investments, including buyout and venture funds and opportunistic real estate. Ms. Chester previously was chief counsel for the comptroller’s office. She will be replaced by Randolph F. Treece, who is first capital defender in the Capital Defender Office.