Real Assets
The plan hired several managers at its board meeting today, totaling more than $1 billion.
The pension plan will conduct two manager searches after approving a fiscal year 2024 real assets investment plan.
The plan approved private equity and tangible assets commitments at its meeting today.
The plan is searching for infrastructure managers after creating a maiden target to the asset class last year.
The retirement system will interview three firms for a $20 million mandate.
The plan is conducting the search to comply with state procurement regulations.
The plan will consider issuing two consultant RFPs due to upcoming contract expirations and recently added a private equity commitment.
The commitments were approved by the plan’s private markets committee at a meeting yesterday and require full board approval later this month.
The retirement system added a $75 million commitment to an existing manager relationship last month.
The pension plan recently committed approximately $2.2 billion total to eight funds and terminated an existing credit strategy.