The retirement fund also reupped with its incumbent general investment consultant at today’s board meeting.
The plan is seeking one or more mandates to fill a 2.5% carveout to non-core real estate.
The assets have been redistributed to in-house cash.
The firm has appointed Jonathan Au as partner and Jordan Bloom as associate.
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 fundraise brings total firm assets to $800 million.