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.
The plan will interview two finalists next month after narrowing the search from four firms last week.
The plan has narrowed a search to nine international small-cap managers for interviews with staff and its consultant.
The retirement systems will interview three finalists in its general investment consultant search at a special joint meeting next week.