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The acquisition is expected to close in the first quarter.
The pension plan has committed $70 million to a new credit manager relationship.
The district is seeking investment services for its 401(a) and 457(b) plans, which have a combined $7.7 million in assets.
The selected advisor will provide non-discretionary management of plan investments.
The search is for services on behalf of the county’s 457(b), 401(a) hybrid and 401(a) defined contribution plans.
The plan hired two new core-plus fixed-income managers to replace Western Asset Management.
The two firms will have more than $1.8 trillion in assets under advisement.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.
L2 Point Management has closed its inaugural structured equity fund at approximately $312 million.
The pension plan is seeking an executive search firm to assist with its executive director search.
