The maiden asset class was added as part of a new asset allocation approved last year.
The plan added a 3% target to global infrastructure as part of a new asset allocation that was adopted yesterday.
The sustainability-focused firm has launched global and European infrastructure credit platforms targeting global investments in energy, transportation, social, digital and other sustainable infrastructure.
The plan is seeking buyout, secondaries and open-end core infrastructure funds.
The plan will look to fill allocations to private equity, global infrastructure and real estate.
The plan is considering rehiring its general investment consultant and selecting a new consultant for its real estate and real assets portfolios.
The plan’s incumbent manager will see its contract expire this year.
The plan committed $120 million total to two existing manager relationships this week.
The plan committed $75 million to a new manager last week.
The plan made private markets commitments totaling $44.6 million and approved a 2023 pacing plan last month.