Real Assets
The search comes after the plan increased its target to the asset class by 2%.
The plan disclosed recent activities from its investment committee meeting this month.
The pension fund’s board approved up to $550 million across two commitments at a meeting today.
The university approved four private equity commitments, including one with a new manager, as well as a private real assets commitment at its June investment committee meeting.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The retirement system doubled its target to value-add real estate at a board meeting today.
The retirement association selected a firm to split its 6% allocation to liquid credit at today’s board meeting.
The firm terminated a roughly $100 million mandate and will use the proceeds to support benefit payments and fund capital calls.
The state pension fund is considering a private markets emerging manager program and will issue an RFI as it looks to gather further insight into the process.
The retirement system approved real estate and real assets commitments at a board meeting last week.