The inaugural fund has already made seven investments to date.
HPS Specialty Loan Fund VI, together with parallel funds and accounts, closed with $21.1 billion.
The firm cleared the initial hard cap for the fund.
The plan rehired firms and made one new hire in its search launched last summer.
The plan is seeking general investment consulting services but may also consider specialty consulting firms for real assets and private equity.
The commission had $163.9 million in total cash and investments as of Dec. 31.
The plan also disclosed two staff-delegated investments at a meeting yesterday.
He will lead investments across the Northeast and Southeast regions of the U.S.
The firm has appointed Christopher Wright as president effective immediately.
The city is seeking a firm to invest available funds on a discretionary basis.