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The retirement association interviewed a total of six firms last month.
The fund has already committed $9 billion in capital to over 165 companies to date.
The retirement system approved an active international equity manager RFP last week.
The firm’s second institutional fund was oversubscribed and closed with $1.13 billion in total capital commitments.
The investment firm, which was founded this year, closes its inaugural private equity fund $50 million above its target fundraise in less than five months.
The search is being conducted to comply with standard state regulatory compliance.
The plan is also searching for an emerging markets ex-China manager.
Institutional investors are focused on the long-term capabilities and expertise of a manager when making selections for an investment mandate.
The retirement system also disclosed a high-yield bond manager hire to complete a search launched last year.
The retirement system approved a commercial mortgage-backed securities commitment last month.