The cio will lead portfolio construction and deliver investment insights to ultra-high-net-worth families and family offices.
The fund surpassed its $500 million target as well as its initial $750 million hard cap.
First Eagle Investments completed its acquisition of boutique investment manager Diamond Hill Capital Management on April 22.
The plans currently work with Innovest Portfolio Solutions.
The firm raised approximately $1.1 billion in total capital commitments for two of its latest funds.
Empower currently provides the services for the deferred compensation plan.
The plans had been slated to issue the RFP following the onboarding of new investment advisor Innovest Portfolio Solutions earlier this year.
The private markets and funds alpha cio had been with the plan since 2020.
The two managing directors are respectively based in New York and London.