Asset Study/Review
The plan concluded its global equity manager search with a replacement for one existing firm.
The plan also approved follow-on private equity fund-of-funds commitments last quarter.
The plan was mulling a 5% target to either private equity or private credit, ultimately approving the latter.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The retirement system doubled its target to value-add real estate at a board meeting today.
The plan also made slight adjustments to its asset allocation at its meeting this week.
The pension plan also maintained the fiscal year 2027 asset allocation policy for three of its systems this week.
The trust fund’s general investment consultant recommended the expansion to diversify its public credit portfolio into other credit instruments from exclusively bank loans.
The foundation is considering introducing alternatives investments within its portfolio after hiring a new firm to provide non-discretionary investment consulting services to conclude an RFP process from last year.
The pension plan considered establishing a 5% target to either private equity or private credit last month.
