The plan invested $185 million in a fixed-income strategy last month.
The new hire will lead the firm’s defined contribution distribution team.
The role is newly created.
Mark Kiesel has served as the firm’s cio of global credit since 2014.
The firm’s current global cio will retire on Jan. 31.
The retirement association has concluded an RFP search launched in June.
Co-Founder and Managing Partner Peter Berger has been appointed chair of the firm.
The deferred compensation plan received seven proposals in response to an RFP issued in April.
The transaction will more than double Clearlake Capital Group’s assets under management.
The board replaced its sole real estate manager last month due to organizational concerns and a decline in assets.