The plan liquidated its emerging markets equity fund-of-funds mandate and made $1.3 billion in total commitments in June.
The commitments include a first-time investment for the plan.
The asset class represents a new one for the plan, which is targeting managers to handle between $3 million and $5 million.
The retirement system is looking to make a first-time investment in the asset class.
The plan approved the commitment as part of its pacing plan last month.
The European private debt manager, which focuses on the middle market space, will use the investment to accelerate growth initiatives.
The plan concluded its investment consultant and private investment consultant searches that began last year, retaining its general consultant and hiring a new private investment consultant.
The plan is seeking global and international small-cap and small- to mid-cap equity managers after approving the RFP last week.
The retirement plan filled its new private credit allocation in the second quarter.
The plan sees market opportunity due to recent banking failures.