Separately, the board committed $20 million to Rockpoint Real Estate Fund IV, an opportunistic fund managed by Rockpoint Group. Trigate Capital was also a finalist.
Also, the $2.2 billion pension fund approved commencing shortlist searches for private debt and private equity managers to run $30 million each. Additional information was not provided.
The pension fund also terminated Knight Capital Group's commission recapture strategy. Information on the size of the mandate and the reason for termination were not included in the minutes.
Matthew O'Reilly, chief investment officer, did not return a telephone call by press time.