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There are no plans for a replacement search at this time.
The final fund close exceeded the firm’s $1 billion target.
The retirement system hired three firms to provide the services in 2013.
The investment consultant, which is being acquired by an RIA, shared insights on the acquisition process and why it stood out against the field of other institutional investment consultants.
The system has added at least three members to its investment team in recent months to help oversee its pension, operating, endowment and corporate portfolios.
Fund II was oversubscribed with $550 million in capital commitments.
An investment manager focused on private market investments at a Southern University recently left to join a venture capital firm as partner.
The fund also terminated a domestic small- to mid-cap value equity manager at its August investment committee meeting.
The foundation is searching for an analyst for fixed-income and alpha strategies to assist with portfolio management decisions, strategy monitoring, sourcing and due diligence on new investments.
The foundation established a new endowment to support core institutional needs at historically Black colleges and universities, including infrastructure, technology and institutional capacity.