Infrastructure
Commitments to the private infrastructure fund market ticked up amid a stronger fundraising environment as institutions seek strategies that offer inflation protection and stability.
The retirement fund has disclosed $215 million in recent alternatives commitments.
The plan will consider adding a dedicated target to the asset class this week.
The retirement system approved three alternatives commitments at its meeting last week.
The foundation added international equity, domestic equity, high-yield bond and infrastructure investments to its portfolio during the second quarter.
The plan will not look to renew contracts with two incumbent large-cap growth equity managers.
The plan disclosed four commitments at its board meeting last month.
The plan also terminated a long/short equity manager.
The pension fund committed $50 million between a pair of infrastructure secondaries managers last week.
The plan hired two infrastructure managers at its board meeting last week after divesting from a real estate fund in May.