Real Assets
The strategy is KKR’s largest infrastructure fund raised to date.
The plan also approved a maiden infrastructure manager hire at today’s board meeting.
The trust recently hired managers to fill its maiden targets to listed infrastructure and listed REITs.
The search comes in conjunction with a manager redemption request approved this week.
The retirement system opted to retain its general investment consultant at a board meeting last week.
The foundation recently committed $4 million to a value-add real assets manager investing in climate-resilient U.S. farmland and timberland.
The pension fund will also receive presentations from a pair of infrastructure managers and a credit manager for potential commitments in September.
The plan approved commitments totaling $160 million across four funds in April and May.
The plan will commit an additional $60 million to private markets this year.
The retirement system also made three commitments at its investment committee meeting last week.
