The proceeds will fund a new mandate from July.
The plan’s RFP received a total of 16 open-end real estate products.
The plan is looking to fill a vacancy within its fixed-income department.
The retirement system also hired two managers in its emerging markets equity search.
The plan also terminated an active global equity manager last month.
The plan interviewed three firms for a $7.5 million mandate.
The search is for an open-end private infrastructure strategy.
The retirement system has issued an RFP for domestic large-cap equity managers to handle $1.6 billion.
The retirement system will release its statutorily required RFP later this month.
The plan is seeking active and passive funds to handle $1.35 billion.