Alternatives
The plan concluded two manager searches this week.
Investors are planning to increase their allocations to private markets to capture higher returns with the help of external partners like outsourced cios.
The fund added a real estate commitment with an existing manager at a special board meeting this summer after adding three open-end real estate funds in May.
The fund approved an infrastructure commitment with an existing manager at its board meeting last week.
The individual left their role as a senior investment analyst to join the investment consultant as an associate on its private markets team last month.
The fund made a venture capital commitment to a new manager as it is to find improved valuations in the venture space.
The plan will commit up to $3.4 billion to the two asset classes.
The plan will issue RFPs following adoption of a new asset allocation in June.
Plan added $145.4 million in alternatives commitments through the first half of the year.
The plan added a follow-on direct lending commitment in June.