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The fund closed at its hard cap of $5 billion in limited partner commitments.
The selected firm will manage a private equity portfolio totaling $400 million over five years.
The city is seeking advisory and consulting services for roughly $183 million in total assets.
The firm has added a three-member managed investment solutions team.
The pension plan opted to extend its general investment consultant contract for one year while it searches for a new executive director and cio.
Acquisition will add roughly $1 billion in assets under management and bolster Blue Owl’s presence in the life sciences sector.
Firm close its ninth fund, the largest in its history, with over $750 million in committed capital.
The plan’s micro-cap manager will now manage small-cap mandates.
The plan made a hire in its international small-cap equity manager search in July.
The retirement plan expects to issue a consultant RFP on Friday pending approval at this week’s board meeting.