The new associate will help evaluate, analyze and monitor investments made by the mid-Atlantic-based private equity firm.
The plan is seeking small- to mid-cap growth and value equity managers as it considers a streamlining of its domestic equity portfolio.
The strategic partnership will see both firms and their funds managed independently.
The oversubscribed fund closes with approximately $940 million in commitments.
The retirement system has issued an RFP for general investment consulting services.
The firm’s current ceo and co-founder will remain as executive chair of the board.
KKR has agreed to a minority economic stake and will invest in Catalio’s funds.
The selection concluded a search launched in the second quarter.
The plan added approximately $300 million in commitments across August and September.