Real Assets
The Northeast-based firm closed its second fund with $850 million in commitments, above its initial target, from a broad range of institutional investors.
An impact fund targeting local Black communities has garnered an initial $400 million investment.
The plan approved a pair of commitments at today’s board meeting.
The plan committed $134.4 million total to three investment managers last week.
The plan made private markets commitments totaling $15.8 million and appointed an executive director/cio last month.
The termination follows a completed asset/liability study.
The plan approved a private equity commitment and was informed of staff-delegated investments this week.
The searches will help fill out an asset allocation approved in 2021 that included new targets to the asset classes.
The plan hired two firms to fill a new allocation to the asset class.
The plan committed up to $600 million to a new real assets manager this week and was informed of three co-investments.