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The foundation hired a director of public investments in the third quarter after bringing its investment management and operations in-house earlier this year.
The plan will fund the hires by terminating three existing firms.
The plan also reviewed proposed alternatives commitments of up to $995 million this week.
Ares Management has raised approximately $1.5 billion in capital for Ares Direct Lending’s dedicated specialty healthcare strategy.
Atlantic Ridge Capital represents the first investment from Grafine Partners’ second institutional seeding fund.
The new hires join the firm’s D.C. office on its growing national security team.
The district launched a similar RFQ for services in 2023.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The retirement system also eliminated its target allocation to multi-asset class solutions last month.
The private equity firm has also hired a managing director and principal.