The pension plan has made four equity investments totaling $850 million.
The plan expects to issue a general investment consultant RFP on April 15.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
The plan will consider hiring a firm to replace a previously terminated domestic core real estate manager.
The ceo-elect will succeed CEO Robert Brooks on Jan. 1.
The fund exceeded its initial $1.5 billion fundraising target.
The search is only open to domestic core and core-plus real estate managers.
The fund has closed with approximately $8 billion in total capital commitments.
The city expects to conduct interviews the week of April 21.
The plan replaced two existing managers in the fourth quarter due to underperformance.