The oversubscribed fund raised $1.1 billion.
The plan finalized private equity and private credit commitments totaling up to $75 million in February.
Orion Mine Finance Fund IV brings the firm’s total assets under management to over $9 billion.
The new role will “enhance provision” of investment strategy perspectives for LPs and provide strategic advice to the firm’s investment personnel.
The newest commitments come as part of a pacing plan for the asset class.
The plan approved an up to $20 million commitment to a new fund with an existing manager relationship.
The plan hired a new general investment consultant and consolidated its private markets consulting services with another firm following a similar search in 2021.
The private equity firm closed its second fund with $2 billion in capital commitments.
The plan had been slated to issue its RFP for general investment consulting services this week.