Infrastructure
After showing consistent returns over the last two decades, private infrastructure funds offer attractive investment opportunities for nonprofits, due to growing demand, diversification of assets and mandated revenue structures of infrastructure projects.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The fund has received more than €12 ($13) billion in total commitments.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
The retirement system hired five managers to each handle between $50 million and $75 million yesterday.
The position will drive environmental sustainability, climate risk management and responsible investment across its global investment strategies.
The plan hired two firms after interviewing three finalists last month.
The plan also adopted a new strategic asset allocation at its board meeting this week.
The pension plan made three commitments totaling $187.5 million last week.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.