The deal will bring retirement plan consulting and wealth management services as well as new institutional-managed asset services capabilities to SageView Advisory Group.
The firm is targeting a $2.5 billion close for its second energy and power infrastructure credit fund.
The deal is expected to close in late September.
The retirement system committed to an existing private equity manager relationship in the second quarter.
The firm has also hired a senior global macro strategist on its multi-asset solutions team.
The investment board disclosed a domestic small-cap core equity manager termination and private markets commitments totaling $95 million today.
Institutional and individual investors are continuing to embrace private markets strategies in search of diversification and higher returns amid ongoing market volatility and geopolitical uncertainty, according to a new report.
The deferred compensation plan hired a passive domestic large-cap growth equity manager to replace an active mandate last month.