The fund was created to pursue control investments in micro-cap distributed healthcare businesses.
The firm also hired two high-yield fixed-income managers to handle $450 million each.
The plan also disclosed several alternatives commitments approved at a board meeting today.
The plan will interview two fixed-income managers early next year amid a potential portfolio restructuring.
The authority has opted to retain its incumbent following a search launched in September.
She will retire early next year after serving on the firm’s U.S. Real Estate Income and Growth Fund for over 14 years.
The plan opted to retain its incumbent for an initial five-year term.
The plan is seeking services that may include custodial/trustee, plan and participant level record keeping, employee enrollment, participant education and ongoing administrative and regulatory support.
The decision comes after the plan had initially decided to go ahead with a search for emerging managers-of-managers last month.
The firm has closed its seventh flagship real estate fund with $354 million in capital commitments.