International / Global / Emerging Markets
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The state pension plan also committed up to $400 million across two venture capital funds at its meeting today.
The retirement system previously authorized a change to its $37 million investment with the hedge fund manager at a Feb.19 meeting.
The plan first hired the firm in 2018.
The retirement system also made several changes to its public equity and real estate portfolios last week.
The retirement system will also consider several changes to its public equity and real estate portfolios this week.
The plan tapped public market credit consultant Mercer earlier this year to conduct the searches.
The plan has issued RFPs for an international small-cap equity manager and a general investment consultant.
The retirement system collared two international equity managers after interviewing four finalists last month.
The retirement system is seeking three non-U.S. equity managers to handle a total of $25 million.