Real Assets
The pension plan introduced a 10% private markets target, which consists of one-third real estate/real assets, last year.
The retirement system approved a $60 million public real assets commitment in May.
The plan also terminated eight managers as part of a public equity implementation.
The retirement plan is screening for managers in the securitized credit, short-term investment grade and bank loan asset classes.
The plan also disclosed two new commitments.
The pension plan recently made $1.8 billion in total commitments across its dynamic strategies, private equity and real assets portfolios.
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The retirement system closed on a $75 million commitment to a European infrastructure strategy last month.
The plan has begun its search for private equity, private credit and real assets consultants.
The plan approved commitments to two core infrastructure funds and one new core real estate manager relationship.