The plan’s existing large-cap growth manager had underperformed.
The retirement system is scheduled to select three finalists in its international equity manager search next week.
Fund IV marks the firm’s largest today at $309 million in equity commitments.
The retirement system will shift planned searches for bank loan and high-yield managers into a single search for multi-asset credit managers.
Firm has appointed James Griffin as its new head of global liquidity distribution.
This week’s hire complements an existing emerging markets equity manager as part of an ongoing international equity portfolio restructure.
The hire followed a consultant search report and finalist presentations held last month.
The investment committee approved a pair of active large-cap equity managers to replace a factor-based allocation this week.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The deal is expected to close this quarter.