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The firm’s seventh direct co-investment program surpassed its $4 billion target.
The head of U.S. real estate at UBS Asset Management departed the firm last month.
The plans currently work with general investment consultant Innovest Portfolio Solutions.
The deadline for applications in the search is July 21.
The firm will manage a total of $70 billion between the two corporate plans.
The plan concluded its global equity manager search with a replacement for one existing firm.
An investor consortium led by B Capital and including the $625.7 billion California Public Employees’ Retirement System has agreed to acquire Russell Investments.
The plan will fund a new passive manager by redeeming an active one within its international equity portfolio.
The retirement system recently replaced its domestic large-cap value equity manager due to underperformance.
The pension plan also redeemed an alternatives manager at a board meeting today.
