The plan selected a fund from a search report that included both secondaries and fund-of-funds options.
Fund IV closes with $865 million in commitments, the largest in the firm’s history.
The pension system added $340 million in private markets commitments in the second quarter.
The pension fund added a $10 million commitment to a new manager relationship this month.
The plan agreed to a consultant recommendation to terminate an underperforming international small-cap equity manager this week.
The search is for a firm to handle the agency’s $651 million in cash and investments.
The Austin, Texas-based organization has in excess of $500 million in investable assets.
The plan’s general investment consultant recently recommended a review of domestic large-cap value equity managers due to the incumbent’s underperformance.
The retirement fund authorized commitments totaling $305 million, including one new relationship.
Fund II has received $350 million in primary commitments and $120 million in co-investments to date.