The transaction is expected to close in the fourth quarter.
He will evaluate and analyze investment opportunities.
Plan added $225 million in private equity commitments in early February.
The plan will seek a firm to review its investment practices and administration.
The plan chose the firm over finalist State Street Global Advisors and committed to three private equity managers this week.
The plan is searching for a co-investment manager for its private markets portfolio.
The plan committed to two venture capital funds today for pacing purposes.
He will focus on portfolio companies improving manufacturing and distribution in the food and beverage industry.
Two foundations have committed to a strategy that invests in funds and direct co-investments backed by diverse and women-owned venture capital and private equity firms to advance greater diversity, equity and inclusion in the financial markets.
Plan added approximately $62 million across three alternatives commitments in recent months.