Real Assets
The pension plan committed $130 million total to two managers yesterday.
The pension plan received staff recommendations to fully redeem a multi-strategy hedge fund mandate and commit to a global infrastructure strategy today.
The pension plan’s investment committee approved private credit and infrastructure commitments last week.
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.