Zachary “Zak” Doehla was named alternative investment officer at the $30 billion Illinois Teachers' Retirement System, Springfield, effective Aug. 17.
He will oversee the fund's private equity portfolio, with $2.5 billion in assets as of May 31. System trustees in May increased the long-term allocation to private equity to 10%.
Mr. Doehla is associate director at Orin USA, a financial services company.
“Zak's experience in corporate finance, leveraged buyouts and distressed-debt portfolio management will clearly benefit the private equity program,” Stan Rupnik, the system's acting executive director and CIO, said in a news release.
Mr. Doehla will replace Lamar Villere, who was senior alternative investment officer at the system before becoming director of the private equity investment program at the $26.3 billion Tennessee Consolidated Retirement System, Nashville, in January.
