The selected firm will replace an incumbent that was terminated earlier this year.
The plan also decided to not continue with its REIT manager search.
The vehicle closed at its hard cap and was oversubscribed with investors, including current and former management team members, foundations, diversified financial institutions, university endowments and family investment offices.
The search comes after the incumbent was hired for a three-year contract in 2019.
The expansion comes after the recent departure of the lead portfolio manager for the fund.
The plans conducted a similar search in 2019 that resulted in the hire of Voya Financial.
The plan launched a search earlier this year to replace a former manager that was terminated.
The plan issued an RFP earlier this year to consolidate to a single provider from its previous three.
The private equity firm recently closed the fund at $840 million.
The firm added a partner as it is growing and deploying capital in the healthcare services sector.