The oversubscribed fund closed after four months in the market.
The retirement system added a senior investment analyst to help oversee its $30 billion public equity portfolio.
The plan’s current domestic equity portfolio includes small- to mid-cap growth and small-cap value mandates.
The oversubscribed fund raised over $1 billion of investment capital from a range of global institutional investors.
The retirement system is looking to expand its investment staff through the additions of a private equity director and investment analyst.
Blue Owl Strategic Equity raised approximately $3 billion in commitments from across its global private wealth and institutional channels as well as related accounts.
The retirement fund also hired a new domestic small-cap value equity manager this week.
The city awarded a contract to an investment advisor last year after issuing an RFP for the services in July.
The retirement fund approved increases across private equity, private credit, private value-add real estate, MLPs and marketable alternatives this week.
The retirement fund is targeting private equity finalist interviews at its February and March board meetings.