Alex Done was named executive director for private equity/emerging managers at the Bureau of Asset Management in the New York City comptroller's office, confirmed spokesman Matthew Sweeney.
It is a new position. Mr. Done is responsible for overseeing private equity investments with minority- and women-owned firms. The pension plans are currently seeking $500 million in additional overall commitments to minority- and women-owned firms in addition to the $6 billion already allocated.
Mr. Done previously was associate director for business development of the Minority Business Development Agency at the U.S. Department of Commerce.
City Comptroller John C. Liu is custodian for the five city pension plans, which had aggregate assets of $115 billion as of Dec. 31.