Real Assets
Fund commitments, including to related co-investment vehicles, are twice the initial target and four times the size of the predecessor strategy.
The retirement system also committed more than $1.5 billion to private markets.
The plan made six commitments totaling more than $900 million.
The investments and commitments total more than $650 million across public equity and private markets.
The plan also approved several new private markets commitments at a board meeting last week.
The commitments fulfill the plan’s 2026 real assets and private equity pacing plans.
The retirement system is conducting the search to “assess the feasibility” of establishing a private markets emerging manager program.
The retirement system also opted against action following an equity structure review last month.
The fund is more than 50% larger than its predecessor vehicle.
The plans adopted the new asset allocation following an asset study by their general investment consultant.
