Real Assets
The plan also approved two real assets commitments along with a 2023 pacing plan at last week’s meeting.
Plan added three commitments totaling $310 million at this week’s board meeting.
The commitments were made with two existing managers.
The firm has launched a new forest sustainability fund to promote climate change mitigation with a $500 million target.
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
The pacing plan will commit a total of $825 million to real assets and private equity strategies.
The trust’s incumbent U.S. small-cap growth equity manager ceased operations.
The plan will consider eliminating its global REITs allocation for liquidity purposes and disclosed a commitment to an existing infrastructure manager today.
The plan is seeking non-core real estate, farmland, timber and infrastructure strategies to fulfill an up to $400 million mandate.
The plan approved an infrastructure commitment with an existing manager and was informed of two credit commitments at yesterday’s board meeting.