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The manager has expanded its ownership with two new shareholders, who will share in in decision-making control at the firm.
The foundation has elected the chair and ceo of an employee-owned investment manager to a six-year term on its board of trustees.
The funds have delayed the announcement of finalists in their search for investment managers by three weeks due to the considerable number of proposals received.
The fund was oversubscribed and closed at its hard cap.
The plan approved two private equity commitments at its board meeting last week.
The agency is slated to select a firm at its May 15 board meeting.
The searches are for buyout, growth equity and venture capital strategies.
The retirement system committed $500 million to four existing managers.
The new consultant will advise the board on asset allocation and provide performance analysis.