Infrastructure
The pension fund hired its second infrastructure manager in June after hiring its inaugural manager for the asset class last year.
The plan also recently concluded a liquid credit manager search.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
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.
