The board conducted a search earlier this year as required every five years, said Howard J. Bicker Jr., executive director.
Separately, trustees committed a total of $475 million to four alternative investment funds Two existing private equity managers — Warburg Pincus and Chicago Growth Partners — received commitments of $200 million and $75 million, respectively, for follow-on funds in their flagship series.
Existing resource manager EnCap Investments received a $100 million commitment for investment in follow-on fund EnCap Energy Capital Fund IX.
The total managed by each existing manager could not be learned.
Private equity manager Public Pension Capital was awarded its first commitment of $100 million during the board meeting. Public Pension Capital was formed in August by Perry Golkin and Michael Tokarz, former executives of Kohlberg Kravis Roberts.
The board managed $62.4 billion as of Sept. 30, including about $52 billion in the state's public defined benefit plans.