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The plan committed a total of $15 million to three secondaries funds at its April board meeting.
The search follows approval of a new asset allocation that includes a maiden 5% target to private debt.
Plan will narrow a diversified core real estate manager search to finalists after reviewing an initial list of candidates last week.
Report from state retirement system organization shows 40 surveyed members combined to outperform their average return assumptions over several time periods.
City is searching for a firm to oversee its $235 million in cash and investments.
The plan concluded a global equity search conducted in the fourth quarter.
Plan added commitments totaling roughly $2.7 billion with six existing managers and two new managers in March.
Plan is targeting direct lending strategies and will award up to $600 million per mandate.
Plan approved the search and canceled its investment in a new opportunistic credit manager yesterday.
Plan committed up to $130 million to two funds this week.