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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.
The search is required due to state procurement law requiring an RFP every seven years.
The plans selected a new firm this month as their incumbent provider is “getting out of the business.”
The hires followed closed session deliberations.
The plan recently added a portfolio manager to its team.
The plan is looking to add an investment analyst to its team.