Infrastructure
The retirement plan hired two managers to fill its maiden 7% target to other real assets in the second quarter.
The retirement association added a dedicated infrastructure target as part of a newly approved asset allocation last month.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The retirement system also eliminated its target allocation to multi-asset class solutions last month.
The retirement system made an up to $100 million real assets commitment last week.
The manager added a venture partner to help source and support fintech and infrastructure investments as well as deepen relationships across founders, corporates and investors.
The pension system added $240 million across the real estate, infrastructure and private credit asst classes last month.
The retirement system will soon begin filling out its maiden 5% infrastructure target.
The strategy raised approximately $5.3 billion, exceeding its target.
The firm raised $5.5 billion for the oversubscribed flagship fund.