The transaction is expected to close in the first quarter, subject to regulatory and fund approvals.
The retirement plan also made a private equity commitment for pacing purposes last month.
The retirement plan also made a private equity commitment in the first quarter.
The retirement system will also see its deputy executive director retire next week.
The new investment partner will serve as a member of the firm’s investment committee and its industrial leadership group.
The real estate private equity arm of Kayne Anderson Capital Advisors closed its largest opportunistic equity fund to date.
The retirement system received four proposals in response to an RFP issued in November.
The state’s retirement and investment office recently hired a risk analyst.
The city expects to issue an RFP in the next two to three weeks.
The pension plan also made private debt and private equity commitments yesterday.