Real Assets
The plan made five commitments with existing manager relationships.
The commitments represent new manager relationships for the council.
The plan made four follow-on commitments totaling $625 million.
The search for core and core-plus managers is being recommended as part of a 2024 pacing plan.
The pension plan’s cio recently approved two real assets commitments.
The pension plan received a recommendation to hire two infrastructure managers and disclosed two private equity commitments last month.
The pension plan liquidated its approximately $1.9 billion global equity mandate and made commitments totaling $1.6 billion in March.
The global manager has finalized the second close of its fund targeting sustainably managed forestlands globally with approximately $335 million in commitments.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.
The search will target equity and debt strategies.