The fund was oversubscribed and raised in less than six months.
The pension plan was notified of two commitments totaling $975 million last week.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.
The plan made a $10 million commitment to the next fund offering of an existing manager.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
The plan’s commitments from earlier this month include a new relationship.
The West Coast-based foundation committed to a seed-stage venture capital manager’s debut fund, which recently closed and was oversubscribed.
The pension system committed $170 million across three strategies in the fourth quarter.
The fund exceeded its initial $1.5 billion fundraising target.
The retirement system added three more commitments to Lightspeed Venture Partners.