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The transaction will more than double Clearlake Capital Group’s assets under management.
The plan also made two private credit commitments in September.
The deferred compensation plan had issued an RFP for the services this summer.
The board replaced its sole real estate manager last month due to organizational concerns and a decline in assets.
The district received two proposals in response to an RFP issued in April.
The senior investment strategist will focus on developing U.S. private credit solutions for EMEA investors.
The firm has made several additions to its client solutions team to focus on the institutional channel.
The selected firm will administer a more than $800 million plan.
Secondary fund investments are increasingly driving interest among institutional investors as the industry finds it’s a good place to gain comfort with private markets and efficiently deploy capital amid deal activity and fundraising surges.
The integrated platform unites five established businesses under one platform.