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The fund closed at its hard cap of $600 million in under four months.
The strategic partnership will see both firms and their funds managed independently.
The pension plan recently committed $280 million total to credit and real estate funds.
The oversubscribed fund closes with approximately $940 million in commitments.
The plan made private equity and private credit commitments for pacing purposes.
The foundation has added four investments with new diverse managers within its portfolio after adopting an investment strategy with a racial equity lens in the first quarter.
The retirement system has issued an RFP for general investment consulting services.
The fund exceeded its $750 million fundraising target.
The firm’s current ceo and co-founder will remain as executive chair of the board.