Steve Klar, president, managing partner and head of the client platform at Wellington Management Company, will retire in June.
The defined contribution plan replaced its international large-cap value equity manager, which had been on watch, in the second quarter.
The new partner joins from middle market private equity firm SER Capital Partners.
Amberjack Capital Partners represents the final investment in Grafine Partners’ inaugural seeding strategy, which closed with approximately $600 million in total capital commitments last year.
The pension plan recently made two commitments totaling $548.9 million.
The proposed transaction is expected to be finalized next month.
The senior portfolio manager will oversee the relaunch of two U.S. listed real estate strategies under the firm’s banner.
The new hire will lead efforts to expand the firm’s presence across the wirehouse, independent broker-dealer and registered investment advisor channels.
The pension plan was notified of two commitments totaling roughly $700 million this week.
The team will lead HarbourVest Partners’ global credit secondaries strategy that spans both LP- and GP-led transactions and integrates with the firm’s broader credit platform.