The $13.8 billion pension fund issued an RFP in September after deciding to bring in a consultant to help raise its level of commitments to meet its long-term target allocation of 8%.
The current actual allocation to private markets is 4.2%.
Separately, the pension fund committed $50 million to Montauk TriGuard Fund VI, managed by Montauk TriGuard Management. The pension fund previously committed $40 million to Montauk TriGuard Fund V in 2011, $20 million to Fund IV in 2008 and $10 million to Fund III in 2005.
Montauk TriGuard focuses on private market transactions in the secondary market.