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The university has hired an investment advisory firm and added a managing director to its internal staff to help manage its endowment.
The search is being conducted as part of a previously approved investment consultant strategy.
The firm closed the fund with $2.75 billion in commitments, surpassing its $2 billion target.
The plan approved adding a dedicated high-yield component earlier this year.
The executive director of the $22.2 billion pension plan appears to have left the position.
The close of the fund marks the largest fundraise ever for the private markets firm.
The firm bolstered its fixed-income business with a hire that most recently served at Northern Trust Asset Management.
The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.
The new hire will focus on selling the firm’s suite of solutions to institutional investors.
The plan will interview two firms in its general investment consultant search this week.