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The pension plan recently made two commitments totaling $548.9 million.
The managing director hails from the private sector.
The venture capital solutions provider will broaden client access to innovation and opens global resources to next generation of high-growth technology companies.
Homestead Capital has hired Max Nightingale as managing director and head of strategic growth.
The retirement fund is seeking primary direct private equity funds to handle up to $50 million in commitments.
Both vehicles exceeded targets to expand the firm’s platform within the U.S. lower middle market.
The proposed transaction is expected to be finalized next month.
The plan terminated its previous consultant less than one year into its contract.
The investment board’s current consultant will see its contract expire in June.
The retirement system also retained its three core fixed-income managers last week.