Real Assets
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
The firm has completed an initial close of its fund targeting sustainably managed forestlands with more than $200 million in commitments.
The plan also made $440 million in real assets and private equity commitments at today’s meeting.
Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.
The plan recently made five real assets and venture capital commitments.
The interviews come after the plan created a new 3% target to core infrastructure in February.
The pension plan terminated an existing hedge fund manager and committed to a new infrastructure manager in September.
The commitments include private credit, infrastructure, farmland and real estate.
The commitments to three firms represent new relationships.
The retirement system hired two active domestic fixed-income managers and approved a structure for its new private debt portfolio today.