Asset Study/Review
The system will review the asset allocation for its trust portfolio in the first quarter of 2026 before evaluating if additional private equity commitments are needed to reach its policy weight.
The plan will consider replacing a domestic large-cap equity fund on watch status and approving a new asset allocation for its portfolio at its December board meeting.
The plan has lined up 2026 searches for real assets, real estate and private credit managers.
The fund is working with its general investment consultant as well as ratings agencies to underwrite the final strategic move in its asset allocation as it continues to seek and develop strategic partnerships with best-in-class asset managers.
The retirement system selected three absolute return managers and two real estate managers for possible inclusion within its investment lineup last week.
The retirement system hired five managers as part of a newly approved asset allocation yesterday.
The newly approved investment policy paves the way for the nonprofit to issue an RFP for investment managers and custodians.
The retirement system added a maiden 5% private credit target as part of a newly approved asset allocation in September.
The fund approved issuing RFPs for infrastructure strategies and private equity strategies in December at its November board meeting.
The investment board has also made up to $1.4 billion in new commitments.