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The search follows a structure review that calls for two core and core-plus managers.
The investment fund is seeking large-market private equity buyout and non-core infrastructure strategies.
The retirement fund made commitments totaling $2.7 billion in August.
The fund has allocated nearly 70% of its total equity across 70 assets that span seven alternative sectors.
The fund will see its senior portfolio manager of private equity depart later this week.
The plan is looking to invest $350 million with multi-strategy hedge fund-of-funds managers.
The plan committed to three private equity funds following finalist interviews at a meeting today.
He joined the firm this summer as a senior advisor and now takes on a full-time role at the firm.
The union pension plan is seeking core or intermediate government/credit managers.
The acquisition will further enhance Blue Owl’s digital infrastructure strategy as part of its real estate platform.