The Wilshire Associates report comes amid continued questions about the future of the $390bn fund's private equity program.
The recommendation is that the pension fund use a commingled fund investment as a first step towards building up its co-investment capability.
The increased co-investment pace comes as the $252bn pension seeks to up its overall private equity allocation.
The $54.2bn pension's contracts with its current consultants expire June 30.
The secondaries market gives LPs the chance to shift to more co-investments, which gives them more control over their investment portfolio while still getting the strong returns they need.
The pension already has some private debt assets, which will be rolled into the new portfolio when it launches on July 1.
Following a significant re-weighting of CDPQ's private equity portfolio, direct investing represents more than three-quarters of all activity.
The pension got 101% of its holdings' value in a string of payments stretching back to at least July.
Graham, a 17-year OMERS veteran, will replace Mark Redman, who has decided to leave the Canadian pension fund for personal reasons.
David Rogers, who founded CBRE Caledon Capital in 2007, previously led the private equity group of OMERS.