Real Assets
The plan approved a pair of private equity commitments with existing managers and 2022 pacing plans yesterday.
A foundation based in the Midwest is among a group of institutional investors that has committed to a value-add real estate fund focused on diverse-owned real estate operators or enterprises.
The plan made private equity and infrastructure commitments this month and will consider a 2022 private markets pacing plan this week.
The integreation bolsters BNPP AM’s private debt and real assets investment division.
The managing director for real assets will oversee its portfolio, which includes natural resources and real estate, after serving as co-head of real assets at a global investment company.
The plan approved two private equity commitments and was notified of a re-up commitment in closed session at last week’s board meeting.
The search will be conducted this year as part of a real estate structure review, which was approved at the meeting.
Plan is looking to fill a new $700 million allocation to global credit and conduct due diligence on its passive investment managers.
The plan will issue RFPs this quarter after canceling previous search due to COVID.
A Virginia-based pension plan added commitments with new and existing managers in September and made several changes to its fund lineup over the past fiscal year.