Infrastructure
The pension plan’s investment committee approved commodities, fixed-income and private credit commitments last week.
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
The global asset manager has raised approximately $1 billion for an energy transition infrastructure fund.
Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.
The plan recently made five real assets and venture capital commitments.
The interviews come after the plan created a new 3% target to core infrastructure in February.
The pension plan terminated an existing hedge fund manager and committed to a new infrastructure manager in September.
The commitments include private credit, infrastructure, farmland and real estate.
The retirement system hired two active domestic fixed-income managers and approved a structure for its new private debt portfolio today.
The retirement association made hires in its infrastructure and portfolio overlay searches over the last few months.
