Infrastructure
The plan will consider adding a dedicated target to the asset class this week.
The retirement system approved three alternatives commitments at its meeting last week.
The foundation added international equity, domestic equity, high-yield bond and infrastructure investments to its portfolio during the second quarter.
The plan will not look to renew contracts with two incumbent large-cap growth equity managers.
The plan disclosed four commitments at its board meeting last month.
The plan also terminated a long/short equity manager.
The pension fund committed $50 million between a pair of infrastructure secondaries managers last week.
The plan hired two infrastructure managers at its board meeting last week after divesting from a real estate fund in May.
The pension plan made commitments totaling $110 million last week.
The retirement system will consider placing its international small-cap core equity manager on watch at Friday’s board meeting.