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The proceeds will provide additional investment capital.
A Rocky Mountain city is searching for a firm to oversee its $50 million cash and investment portfolio.
The fund targets infrastructure assets across North America.
The plan reduced its exposure to international equity and will receive two buyout fund-of-funds manager presentations as part of an ongoing search.
Plan expects to restart a search for private equity and real assets consulting services after terminating a first run last month.
The plan concluded its search for core fixed-income and TIPS managers.
A former investment manager for the California pension plan has launched an ESG and sustainability-focused venture capital firm.
The transaction is expected to complete in the first half of the year.
The plan is declining to comment on its relationship with its general investment consultant following release of an internal investigation report this week.
The plan will receive finalist presentations from three liquid multi-sector credit managers and three semi-liquid multi-sector credit managers over the next two months.