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The fund had previously received a recommendation from its investment consultant to seek a domestic small-cap value manager.
The fundraise represents a 35% increase over Fund VIII and brings Veritas’s AUM to more than $54 billion.
The selected manager will handle more than 80% of total assets.
The retirement plan concluded its U.S. small-cap value equity manager search after interviewing two finalists.
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The college has hired a new v.p. of finance and administration to oversee fiscal and investment operations following a search from last year.
The oversubscribed fund is the largest in the firm’s history.
The new hire will oversee the firm’s portfolio support group and lead its value creation initiatives.
Aristotle Capital Management expanded its investment team with two new hires
The retirement system will also consider several changes to its public equity and real estate portfolios this week.