Infrastructure
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.
The plan has made several changes to its portfolio in recent months.
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.
The plan recently approved establishing new targets to infrastructure and private credit.
The retirement association will look to fill new targets to non-core infrastructure and TIPS in the first half of 2025.