Infrastructure
The plan will commit a total of $1.2 billion to the asset classes next year.
The plan has made several changes to its portfolio in recent months.
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.
The plan recently approved establishing new targets to infrastructure and private credit.
The retirement association will look to fill new targets to non-core infrastructure and TIPS in the first half of 2025.
The plan is also conducting a consultant search for informational purposes.
The pension plan committed up to $80 million to a new manager relationship.
The change comes after terminating its active manager, which failed to meet its performance objective and has showcased organizational risk.
The recently disclosed commitments consist of private equity, private credit and private infrastructure funds.
The pension plan committed $17 million to an existing infrastructure manager relationship last week.