The $13bn pension fund would pay a one per cent fee to Landmark Real Estate Partners VII, said Private Equity International.
In January AltAssets reported that Landmark had raised nearly $1.4bn towards its fifteenth fund.
AltAssets revealed last September that the fund had received a $100m commitment from the New Mexico State Investment Council.
Earlier in 2013, the New York City Retirement Systems approved a $400m commitment to the fund.
Earlier this week Landmark hired former Morgan Stanley managing director Geoffrey Mullen as principal.
Mullen’s role will include expanding the firm’s business development and investor relations team.
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