Infrastructure
The retirement association is considering the two asset classes to replace its commodities portfolio.
The retirement system closed on a $75 million commitment to a European infrastructure strategy last month.
The plan approved commitments to two core infrastructure funds and one new core real estate manager relationship.
The pension plan made $512.9 million in total private equity commitments and $90 million in total real estate commitments in the second quarter.
Plan will work with its private markets consultant to build out large buyout private equity and non-core infrastructure components within its investment portfolio.
The plan also hired an international small-cap equity manager after finalist interviews.
The plan will interview two international equity managers next week to replace its underperforming incumbent.
The retirement system introduced a 3% public real assets target and made two private equity commitments in February.
The pension plan will conduct an invitation to bid to fill its 25% public real return allocation.
The plan launched a search for open-ended infrastructure managers in March.