The pension plan was notified of a $150 million private equity commitment this week.
The fund has exceeded its initial target of €2 ($2.2) billion.
The authority is seeking an investment advisor for its retirement plan.
The plan’s domestic mid-cap value equity manager had been on watch due to underperformance.
The pension plan hired a new domestic large-cap growth equity manager last month.
The duo will help source and execute new investment opportunities for the private equity firm.
The close represents “the largest European real estate drawdown fund ever raised based on third party capital commitments.”
The position reports to Deputy CIO Eric Chin.
Windmark Investment Partners currently provides general investment consulting services for the retirement system.
The plan launched a search in February ahead of the March 31 contract expiration of its incumbent.