Dillon Lorda, managing director at the Pension Consulting Alliance, is leaving the Portland, Oregon-based investment consulting firm after a nine-year tenure, as reported by sister title Private Equity Real Estate.
Lorda, who is based in New York, will depart on June 15. He is understood to be considering a number of options for the next phase of his career, including potential entrepreneurial ventures.
He joined PCA in 2008 and covers real estate, timberland and agriculture. At PCA, he has served as a consultant for clients such as the California Public Employees’ Retirement System; Oregon Public Employees’ Retirement Fund; and the Rhode Island State Investment Commission.
Lorda is one of three managing directors at PCA’s seven-member real assets team, along with Christy Fields and David Glickman. Replacing Lorda will be Peter King, who recently joined PCA as a principal. King most recently managed the Providence Health & Services healthcare system’s real estate and construction services division, where he oversaw an $8 billion portfolio of more than 700 owned and leased sites exceeding 30 million square feet.
Before joining PCA, Lorda was a development associate at Del Mar Development in Los Cabos, Mexico, and worked on the acquisitions team at Time Equities, focusing on residential and retail properties in the New York metropolitan area.
Lorda’s departure is among the latest personnel changes at the firm. In April, managing director Michael Moy, one of the firm’s private equity consultants, retired from PCA after a 12-year tenure. Last month, PCA announced that Mary Bates, director of credit strategies at Silver Creek Management, would be joining as a principal focusing on credit and alternatives on July 1. Additionally, the firm has promoted John Linder from principal to managing director, also effective July 1.