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The transaction is expected to close on Jan. 1.
The firm has closed its latest commercial real estate fund with total capital available of approximately $2.7 billion.
The plan previously issued an RFP for the services in October and recently rescinded an award for the contract.
Willis Chandler has joined Frazier Healthcare Partners as an executive in residence on the firm’s growth buyout team.
The water authority retirement plan replaced its domestic core-plus fixed-income manager in May due to underperformance.
The plan also terminated an emerging markets equity manager in June.
The plan also named four finalists in its global equity manager search.
The endowment will call a special meeting to select a firm in its U.S. direct lending manager search after eliminating one firm from a pool of candidates at its board meeting last month.
The firm has added investment vehicles from a leading global alternatives investment manager to its alternative investments access platform, which provides RIAs, broker-dealers and their clients access to private markets investments.
The fund approved terminating a core fixed-income manager and reallocating the assets with its two other existing fixed-income managers at its board meeting last week.