The $9.1bn retirement system would finalise its decision on the general investment consultant RFP on 18 April.
The $77bn system has brought on former Florida SBA deputy executive director Kevin SigRist to take over investments.
The $11bn retirement system will focus on expanding existing relationships with private equity fund managers as it increases its target allocation from 5% to 10%.
The Detroit mid-market specialist will target investments in US and Canadian businesses, improving portfolio companies through add-ons and operational strategies.
Paris-headquartered PAI is targeting €3bn for Fund VI.
Almost 200 private debt funds are chasing combined commitments of $124 billion, according to PEI research, as managers look to exploit credit opportunities created by banks’ partial retreat from the market.
Investors with schemes in place to reward good performance have netted annual returns of 11% or more over the last five years.
Alvarez & Marsal Capital Partners’ $500m debut vehicle picked up a $100m commitment from the Oregon Investment Council at its meeting Wednesday.
A commitment to Incline Equity Partners III on Wednesday brought Pennsylvania State Employees’ Retirement System to its annual limit on commitments to alternative investment funds.
TowerBrook Investors IV has a $3.5bn hard-cap for investments through a variety of strategies, including distressed situations.