Infrastructure
Plan added a real assets commitment to a prior manager relationship this week.
The fund approved an infrastructure commitment with a new investment manager earlier this month.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The plan hired Albourne as its new strategic investments consultant and brought on Aksia for its private credit portfolio.
The fund expects to receive a recommendation to commit $120 million to a new infrastructure manager at this week’s board meeting as it’s underweight its target to the asset class.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The plan adopted a new asset allocation mix at its board meeting yesterday.
The retirement system expects to launch an emerging markets small-cap search before the end of the year and a broad emerging markets search next year.
The $80 million committed to non-core infrastructure funds at today’s meeting conclude the retirement fund’s pacing plan for 2024.
The plan will commit a total of $1.2 billion to the asset classes next year.