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The university recently revised the target asset allocation for its long-term reserves portfolio, increasing its allocations to domestic and international equity.
The retirement system received proposals from five firms following an RFP issued in January.
The plan is also considering adding risk mitigating strategies.
The firm raised $5.5 billion for the oversubscribed flagship fund.
The retirement system’s board also approved up to $250 million across private markets commitments at today’s meeting.
The firm has appointed a president of its newly formed asset management pillar.
TCGX Fund III closes with $1.3 billion in capital commitments.
Expected services include investment consulting, plan administration and participant education.
The fund received roughly $11.8 billion in external commitments.
The incumbent firm has served as advisor for the plan for 25 years.