The acquisition was first announced in September.
The plan expects to conduct several manager searches in 2022.
Plan wrapped up a direct lending manager search with a $12 million commitment in September.
The fund is a non-diversified, closed-end fund that invests primarily in income-producing equity securities issued by infrastructure companies.
Plan disclosed recent private equity, credit, infrastructure and real estate commitments totaling approximately $1.2 billion.
The plan hired two firms to handle a total of $48 million at its board meeting last week.
The plan made a commitment to an existing infrastructure manager.
The plan hired two infrastructure managers last week to handle its maiden 5% allocation to the asset class.
He will focus on the operational oversight of portfolio management processes, technology and execution.
Plan will consider incorporating new allocations to private credit and private infrastructure in the coming months.