Real Assets
The plan is searching for small-cap firms for a domestic equity portfolio that is entirely with large-cap managers.
The state plan will invest up to $1 billion with portable alpha managers in 2021.
The private commitments include two to new firms and one to an existing manager.
A teachers pension fund in the South has earmarked $630 million to real assets and private equity.
Southwestern plan added $165 million in private markets commitments in November.
A Southeastern state pension plan disclosed several new private commitments at a board meeting today.
The plan will not have a full-time real estate consultant and will save $2 million over a five-year period.
A Southwestern institutional investor approved private markets investments and one full redemption.
A Mid-Atlantic pension plan approved establishing a maiden 5% allocation to private infrastructure last week.
The new hires include CIOs for infrastructure debt and real estate debt.
