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The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
Fund IV exceeded its $500 million target, closing with $521 in total commitments.
The plans previously worked with Corebridge Financial.
The deferred compensation plan hired a new stable value manager in September.
The authority is seeking a firm to manage its $2.2 billion portfolio.
The plans conducted a similar search for the services in 2020.
Retirement plan sponsors are showing notable interest in adding private market assets to defined contribution plans, according to Cerulli Associates’ latest report.
The pension fund concluded its investment consultant search last month.
The rebrand reflects the global equity firm’s growth, broadened investment capabilities and commitment to delivering disciplined, research-driven global equity solutions for clients, capturing its identity and differentiated perspective.
The fund is co-managed by Managing Partner and CIO Tony Yoseloff, Co-Deputy Managing Partner Patrick Dennis and Partner and Head of European and Asian Corporates Chris Krishanthan.