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The firm surpassed its fundraising goal by more than $200 million in capital commitments.
The plan hired two core and two core-plus fixed-income managers, including two incumbents, at today’s board meeting.
The investment advisor will be response for more than $13 billion in assets.
The retirement system selected a new manager following three finalist interviews held last week.
The plan approved private equity and real estate commitments at its board meeting today.
The plan launched a search last year due to underperformance from its incumbent manager.
The plan hired one new manager and retained one incumbent today.
The executive director has been with the retirement system since 2008.
The fund has closed at its $5.6 billion hard cap.
A sustainable and impact investing assessment found that the majority of surveyed endowments and foundations, 93%, have sustainable investing policies and practices in place with 73% having “sophisticated” or “robust” measures.