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The search is part of the continued buildout of the plan’s crisis risk offset portfolio.
Periscope Equity closed its third fund with aggregate commitments of $370 million.
The plan interviewed three core real estate managers in June to replace an incumbent manager.
The plan last conducted a similar search in 2018.
The deal is expected to close in late September.
The city hired its incumbent firm following a similar search process conducted in 2017.
Commitments to the private infrastructure fund market ticked up amid a stronger fundraising environment as institutions seek strategies that offer inflation protection and stability.
The retirement system opted to extend its contract for general investment consulting services to a firm recently hired for plan de-risking services.