Infrastructure
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.
The plan approved a pair of commitments at today’s board meeting.
The plan made private markets commitments totaling $15.8 million and appointed an executive director/cio last month.
The searches will help fill out an asset allocation approved in 2021 that included new targets to the asset classes.
The plan committed up to $600 million to a new real assets manager this week and was informed of three co-investments.
The plan recently committed approximately $2.2 billion total to nine funds.