Infrastructure
The newest commitments come as part of a pacing plan for the asset class.
The retirement system made six commitments totaling $265 million this week.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The plan will allocate $1.35 billion to active and passive infrastructure strategies.
The retirement system will consider six commitments totaling $265 million at Thursday’s investment committee meeting.
The plan will search for active and passive strategies for a total of up to $1.3 billion.
The plan approved a $40 million core infrastructure commitment last week to fill a new allocation to the asset class.
The health care trust hired an additional core-plus fixed-income manager while swapping out another at this week’s board meeting.
The retirement plan added $60 million in infrastructure investments at today’s board meeting.
The infrastructure asset class would mark a new investment for the plan.