The pacing plans call for a total of $105 million to private markets this year.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
The retirement system hired five managers to each handle between $50 million and $75 million yesterday.
The plan also adopted a new strategic asset allocation at its board meeting this week.
The pension plan made three commitments totaling $187.5 million last week.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The plan last conducted a similar search in 2020.
The plan’s private markets portfolio accounts for more than half of its total assets.