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The firm will join EP Wealth’s existing minority partner in a deal closing next month.
The retirement system will also look to commit up to $250 million across private markets commitments.
The retirement system also recently made two private markets commitments.
The retirement fund also hired an emerging markets equity manager last week.
The program last conducted a search for record keeping, plan administration and claims processing services in 2017.
The new hires include a managing director of portfolio operations, v.p. of investments and assistant controller.
The new cio previously served as senior v.p. of fixed-income investments at the firm.
The program will stick with its four incumbent providers for the services.
The commitments include three new manager relationships for the retirement system.
Archer serves as v.p. and cfo at the Lumina Foundation and directs the investment strategies for its approximately $1.4 billion endowment.