Infrastructure
The pension plan will conduct two manager searches after approving a fiscal year 2024 real assets investment plan.
The plan is searching for infrastructure managers after creating a maiden target to the asset class last year.
The treasurer’s office hired a firm to handle the inaugural investment within its infrastructure impact investment program after hiring an investment advisor to oversee the program earlier this year.
The retirement system will interview three firms for a $20 million mandate.
The board also named a new retirement manager.
The plan is conducting the search to comply with state procurement regulations.
The commitments were approved by the plan’s private markets committee at a meeting yesterday and require full board approval later this month.
The retirement system added a $75 million commitment to an existing manager relationship last month.
The firm has completed the buildout of its leadership team focused on climate-related investments for its infrastructure platform with the appointment of a co-head for its global climate strategy.
The pension plan recently committed approximately $2.2 billion total to eight funds and terminated an existing credit strategy.