Infrastructure
The retirement system is seeking global large-cap infrastructure funds.
Plan bolstered its private equity and private infrastructure allocations with commitments to two existing manager relationships.
The search will have a focus on the large-cap market segment.
The pension plan is looking for global infrastructure managers to handle approximately $20 million after approving the search in the first quarter.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
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.