Infrastructure
The plan concluded a search both launched in 2021 and delayed since last year.
The plan will hire one additional firm in its multi-credit asset class search.
The plans placed Wellington Management Company on watch this week due to the upcoming retirement of a partner and equity research analyst.
The changes include increases to the plan’s core real estate and infrastructure targets and subsequent searches.
The plan also named a new manager at a board meeting earlier this year.
The retirement system added three private commitments at its board meeting last week.
The plan established a 2% allocation to the asset class earlier this year.
The plan approved commitments to two existing managers.
The plan approved an infrastructure commitment at its investment committee meeting this week.
Two investment managers have partnered to launch a strategy targeting critical digital infrastructure or renewable energy assets.