Real Assets
The plan hired two new managers and disclosed five commitments at yesterday’s board meeting.
The plan hired two firms that will target emerging and diverse private equity, real estate and private credit managers.
The plan will interview two firms next month to handle nearly $200 million.
The plan disclosed three private equity commitments and one real assets commitment.
The plan selected three emerging markets equity finalists and made an additional commitment to an existing infrastructure manager yesterday.
The plan added a 2% maiden target following an asset/liability study last month.
The plan will also eliminate its long/short equity portfolio.
The plan made a farmland commitment after starting a search last year.
The new consultant will provide private credit and credit consulting services.
The plan disclosed 14 recent commitments and an equity manager termination.