The firm will join EP Wealth’s existing minority partner in a deal closing next month.
The retirement system will also look to commit up to $250 million across private markets commitments.
The program will stick with its four incumbent providers for the services.
The plan’s investment committee approved a complementary fourth private credit fixed-income manager yesterday.
The new manager replaced an existing firm in the second quarter.
The board hired an intermediate manager to replace a short-term bond mandate.
Jay Wiltshire joins the firm in the role amid a broader leadership transition.
He joins from a Western state pension fund, where he held a similar role.
The retirement system is seeking a replacement for a recently terminated domestic equity manager.
The trust is seeking fixed-income investment advisory services for the management of its restricted and reserve funds.