Infrastructure
The commitments include first time investments with three managers.
The plan also added several new equity managers to the program.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The plan was notified of a manager termination as well as two redemptions at its Sept. 11 board of investments meeting.
The pension plan committed $200 million to real assets and real estate funds last week.
The pension plan’s outsourced cio liquidated 17 investment strategies and transitioned the assets to five CITs in the second quarter.
The plan made manager hires this week after introducing new target allocations of 3% each to infrastructure and international small-cap equity.
The plan also disclosed two new commitments.
The commitments were made for pacing purposes.
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.