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The fund exceeded its $1.75 billion target.
The plan has issued RFPs for an international small-cap equity manager and a general investment consultant.
The acquisition consists of a “significant majority” of the wealth business, including Wealthspire Advisors, Fiducient Advisors and Newport Private Wealth.
The firm closed its ninth growth buyout fund with commitments totaling $7 billion.
The middle market private investment firm has raised more than $3 billion total for its latest private equity and credit funds.
The asset manager has appointed its global co-cio to serve as its new president, responsible for developing the firm’s long-term strategy, executing operating plans, delivering investment performance, cultivating client relationships, managing vendor relationships and developing staff.
The firm has hired a v.p. of investor relations as well as a new controller.
The plan created a 3% target to multi-asset credit earlier this year.
The retirement system hired a new general investment consultant following finalist presentations at yesterday’s board meeting.
The retirement system collared two international equity managers after interviewing four finalists last month.