Infrastructure
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
The pension plan selected nine real assets equity managers for possible inclusion within its investment lineup today.
The fund is currently searching for opportunistic credit managers for its portfolio after consolidating its public credit portfolio into a passive U.S. aggregate bond index in the first quarter.
The pension plan hired two infrastructure managers in an effort to build out its natural resources/infrastructure allocation in April.
The plan made five commitments with existing manager relationships.
The fund will consider hedge fund and infrastructure commitments to help reach its target asset allocation at its May 31 board meeting.
The plan has issued RFPs seeking core infrastructure and core real estate funds.
The plan will also receive a private credit portfolio review at today’s board meeting.
The commitments represent new manager relationships for the council.
The plan is considering adding core and core-plus fixed-income managers to its portfolio.