Real Assets
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.
The pair of commitments are subject to approval from the full board later this month.
The system is seeking investment consulting services across investment practices and performance as well as general investment and alternatives asset classes.
The pension plan will conduct a search for its in-state private markets program and also recently hired a high-yield fixed-income manager.
The pension plan’s cio recently approved three commitments totaling $350 million.
The plans previously agreed to move their active domestic large-cap growth equity asset class to a passive mandate in December.