Infrastructure
The pension fund is seeking a manager to handle a diversified real assets strategy that must include commodities, precious metals and infrastructure/real estate.
The fund will also review a high-yield fixed-income manager search request from staff at its June 13 board meeting.
The pension plan is searching for private equity funds in buyout technology and enterprise software as well as infrastructure secondaries funds.
The plan added a maiden target to infrastructure as part of a revised real return portfolio.
The fund closed at €21.5 billion in total commitments, a 35% increase from its predecessor.
The retirement system disclosed infrastructure and credit commitments totaling $300 million at today’s board meeting.
The retirement system’s existing consultant will see its contract expire on Dec. 31.
The retirement system approved two infrastructure commitments at its investment committee meeting yesterday.
The pension plan also made a real assets commitment this week.
The infrastructure commitment was under consideration at a meeting this week to complement an existing manager as the health system is also underweight its target to the asset class.