Real Assets
Evergreen funds have seen tremendous growth and interest in recent years, which the industry anticipates will continue as data entered in the second quarter of the year showed an uptick in commitments to these perpetual investment vehicles that provide institutions with positive attributes.
The retirement association also recently committed $205 million across six new funds.
The organization revised the asset allocation for its Balanced Pooled Fund in the fourth quarter, removing its diversifying strategies allocations to increase real estate and real assets.
The firm raised approximately $1.8 billion across multiple funds.
The strategy is KKR’s largest infrastructure fund raised to date.
The plan also approved a maiden infrastructure manager hire at today’s board meeting.
The trust recently hired managers to fill its maiden targets to listed infrastructure and listed REITs.
The search comes in conjunction with a manager redemption request approved this week.
The retirement system opted to retain its general investment consultant at a board meeting last week.
The foundation recently committed $4 million to a value-add real assets manager investing in climate-resilient U.S. farmland and timberland.
