Infrastructure
The pension fund swapped out an active large-cap value equity mandate for a passive one in the second quarter.
The firm raised approximately $1.8 billion across multiple funds.
The strategy is KKR’s largest infrastructure fund raised to date.
The plan also approved a maiden infrastructure manager hire at today’s board meeting.
The retirement system opted to retain its general investment consultant at a board meeting last week.
The pension fund will also receive presentations from a pair of infrastructure managers and a credit manager for potential commitments in September.
The plan will commit an additional $60 million to private markets this year.
The plan also made two private markets commitments last month.
The plan concluded its global equity manager search with a replacement for one existing firm.
The pension plan also redeemed an alternatives manager at a board meeting today.