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The fund exceeded its initial $1.5 billion fundraising target.
The search is only open to domestic core and core-plus real estate managers.
The retirement system added three more commitments to Lightspeed Venture Partners.
Foresti supports the management of Wilshire’s investment platform and leads its research efforts, including strategic investment and asset allocation research.
Defined contribution plans are increasingly favoring passive management for the target date fund strategies.
The fund has closed with approximately $8 billion in total capital commitments.
I Squared Capital has made two new senior appointments to its investment and asset management teams in London.
The pension fund also concluded a core fixed-income manager search with a hire at this week’s board meeting.
The plan completed a search for emerging markets small-cap ex-China equity managers in the fourth quarter.
The city expects to conduct interviews the week of April 21.