The retirement fund is seeking closed-end value-add or opportunistic equity private real estate funds.
Tim Stanton has joined PanAgora Asset Management as managing director and head of global distribution.
The pension fund made the decision following a search presentation from its general investment consultant in April.
The overall slowdown in private markets commitments did not stop two Black-owned firms from closing funds as early-stage venture capital firms Collab Capital and Zeal Capital Partners recently announced closes for their respective second funds.
The retirement system re-upped with a European credit manager this week.
The district conducted a similar search for services in 2013.
The firm added a capital markets managing director in addition to three senior-level hires on its O.P.S. team.
Macquarie Infrastructure Partners VI closes with over $8 billion in total commitments
Kayne Anderson Real Estate Opportunistic Debt II Closes with approximately $1.7 billion in capital commitments.