The fund focuses exclusively on founder-led and family-owned businesses with EBITDA of more than $15 million.
Consulting firm acquires Lyxor U.S. and its $20.8 billion in assets under management.
The fund closed at its hard cap of $5 billion in limited partner commitments.
The firm has added a three-member managed investment solutions team.
The pension plan opted to extend its general investment consultant contract for one year while it searches for a new executive director and cio.
Acquisition will add roughly $1 billion in assets under management and bolster Blue Owl’s presence in the life sciences sector.
Firm close its ninth fund, the largest in its history, with over $750 million in committed capital.
The new co-ceo has been with the firm since 2007.
The retirement system is seeking a replacement for Deputy CIO Zack McGuire, who joined Children’s Healthcare of Atlanta earlier this year.
The hire represents an expansion of the firm’s liquid credit team.