The plan is looking to build out its 10% target to the asset class.
Plan funded a new international equity manager and added alternatives commitments in October.
A Mid-Atlantic plan disclosed $500 million in recent private markets commitments at this week’s board meeting.
Investors make these changes as they wait for global economy to recover.
Action will see plan expand its emerging manager program target to $1 billion from $750 million.
A New England pension plan tapped a replacement for a recently terminated absolute return manager at a meeting today.
The state plan will invest up to $1 billion with portable alpha managers in 2021.
The private commitments include two to new firms and one to an existing manager.
A teachers pension fund in the South has earmarked $630 million to real assets and private equity.
A state pension fund in the Great Lakes region disclosed $280 million in third quarter fund commitments.