Real Assets
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.
A California pension plan hired a new real estate consultant and approved a private equity and infrastructure pacing plan today.
Plan will see a firm for passive U.S. and non-U.S. equities, fixed-income and real assets investment management services.
Plan will consider breaking up 5% allocation to Master Limited Partnerships and is considering exposures to commodities, listed infrastructure and TIPS.
The plan made three commitments totaling up to $32 million at its board meeting last week.
A Midwestern plan approved five commitments at its investment committee meeting last week.
Plan wrapped up a direct lending manager search with a $12 million commitment in September.
Plan disclosed recent private equity, credit, infrastructure and real estate commitments totaling approximately $1.2 billion.
The plan hired two firms to handle a total of $48 million at its board meeting last week.
