The transaction will more than double Clearlake Capital Group’s assets under management.
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 retirement plan approved two private equity commitments totaling $13.25 million in the third quarter.
The retirement plan hired two managers to fill its maiden 7% target to other real assets in the second quarter.
The pension plan disclosed commitments totaling roughly $778 million in the third quarter.
The retirement system also placed its international large-cap growth equity manager on watch last month.
The managing director will co-lead fundraising initiatives across the firm’s platform.