The fundraise exceeded the firm’s $4.25 billion target.
The health care trust hired an additional core-plus fixed-income manager while swapping out another at this week’s board meeting.
The retirement plan added $60 million in infrastructure investments at today’s board meeting.
The firm’s newest senior v.p. joins from Warburg Pincus.
The city’s two retirement systems committed $12 million apiece for pacing purposes.
Updata Partners VIII closes with aggregate capital commitments of $875 million.
The plan’s full board will approve the investment committee’s commitments this week.
The retirement fund expects to discuss the search for Brian Collins’ successor at its Feb. 27 board meeting.
The search is expected to conclude in the second quarter.
The pension fund swapped domestic mid-cap value equity managers due to underperformance from the incumbent.