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The retirement system committed to an existing private debt manager relationship in the third quarter.
The deferred compensation plan recently replaced a domestic small-cap value equity manager that had been on watch since 2024.
The retirement fund will interview two firms to handle the new allocation.
The hire concludes a search launched last year following two staff departures.
The treasury first discussed the search last year for its $1.7 billion liquidity and $4.2 billion reserve accounts.
The direct lending firm exceeded its target for Tree Line Direct Lending IV.
The firms have created a separately managed account that allows financial advisors to allocate to private equity, private credit and real assets.
The pension plan disclosed commitments totaling $1.5 billion in the fourth quarter.
The pension plan committed up to $65 million total to private credit and private markets managers yesterday.
The three firms will vie for a $25 million mandate next month.