Real Assets
The pension plan will consider hiring one firm to provide hedge fund, credit and real assets consulting services next week.
The commitments were made in closed session at this week’s board meeting.
The pension plan hired two infrastructure managers in an effort to build out its natural resources/infrastructure allocation in April.
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.