Real Assets
The commitments represent new manager relationships for the council.
The plan made four follow-on commitments totaling $625 million.
The search for core and core-plus managers is being recommended as part of a 2024 pacing plan.
The pension plan’s cio recently approved two real assets commitments.
The pension plan received a recommendation to hire two infrastructure managers and disclosed two private equity commitments last month.
The pension plan liquidated its approximately $1.9 billion global equity mandate and made commitments totaling $1.6 billion in March.
The global manager has finalized the second close of its fund targeting sustainably managed forestlands globally with approximately $335 million in commitments.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.
The search will target equity and debt strategies.
The pair of commitments are subject to approval from the full board later this month.