Real Assets
The plan will target 5% each to the new asset classes.
The plan committed $910 million total to one new manager and two existing managers this week.
The plan is conducting the search to comply with state procurement laws.
The plan disclosed a recent agriculture commitment with a new manager.
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.