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The commitment was made based on the plan’s current allocation and future cash flow assumptions.
The plans currently work with general investment consultant Callan.
The taxable bond portfolio manager has been with the firm since 2005.
The hire concludes a search launched by the North Dakota State Retirement and Investment Office in April.
The county is seeking the services on behalf of its $9.9 million 457(b) and $414,000 401(a) plan.
Diversis Capital has closed its third fund with over $1.2 billion in total commitments.
The plan added a pair of private equity commitments and another to a credit opportunities fund.
He will leave the plan next month after first joining in the role in 2022.
The deferred compensation plan replaced its domestic small-cap growth and international large-cap value equity managers last month.
Steve Klar, president, managing partner and head of the client platform at Wellington Management Company, will retire in June.