Infrastructure
The plan committed up to $600 million to a new real assets manager this week and was informed of three co-investments.
The plan recently committed approximately $2.2 billion total to nine funds.
Survey respondents cited inflation mitigation as one of many motivating factors driving investor attraction to private infrastructure.
The foundation is seeking an investment manager for private markets to help source and evaluate investment strategies across buyout, growth, venture capital, special situations, real estate and infrastructure.
Plan continues working toward executing a transition of assets away from the state fund.
The maiden asset class was added as part of a new asset allocation approved last year.
The plan added a 3% target to global infrastructure as part of a new asset allocation that was adopted yesterday.
The sustainability-focused firm has launched global and European infrastructure credit platforms targeting global investments in energy, transportation, social, digital and other sustainable infrastructure.
The plan is seeking buyout, secondaries and open-end core infrastructure funds.
The plan will look to fill allocations to private equity, global infrastructure and real estate.