The plan initially hired the core real estate manager in November as part of a search that was launched in 2022.
The selected firm will serve for an initial one-year term beginning on July 1.
The firms are working toward a definitive agreement, which is expected to be announced by the end of the quarter.
The pension plan will conduct a search for its in-state private markets program and also recently hired a high-yield fixed-income manager.
The new head of investor relations joined the firm from Arrowroot Capital.
The firm also raised $2.1 billion in a general partner-facilitated secondary fund that provided liquidity optionality for certain limited partners.
The creator of the “Sahm Rule” has joined the firm as chief economist.
The pension plan’s cio recently approved three commitments totaling $350 million.
The company has committed $200 million to the private equity and venture capital firm since 2001.
The board of investments adopted new asset allocation policies for both the pension plan and OPEB trust at its meeting today.