State Pension Plan RE Positions

I am evaluating an offer with a top 10 state pension plan. I have not seen much discussion on this type of position on WSO. I was hoping someone can provide some perspective on their experience or interaction with a large state pension plan. The plan is well funded and well run, so I'm not worried about the long-term viability of the position. The real estate team is lean with 4 people managing a book of ~$9 B. 

It appears that they primarily invest in funds. Throughout my career, I have been closer to the asset, with significant experience working on direction acquisitions across property types. Should I be concerned about taking a step away from the actual sticks and bricks? What are potential exit options? I hate to ask this question, but this would be a different position for me, and I'm not sure how much I will like it. I have to imagine that going back into the trenches would be a difficult transition. Could this serve as a stepping stone to continue to work my way towards larger and larger allocators (ie. SWF's)?

For some additional context, I have ~9 years of experience working in an underwriting position for a lender and an acquisitions role for two REPE firms. I went to a target undergrad and M7 MBA. I currently work in a major market, but this opportunity would take me to a secondary market. 

Any thoughts or comments would be much appreciated.