Real Estate
The plan is seeking one or more mandates to fill a 2.5% carveout to non-core real estate.
The plan bolstered its private real assets portfolio with three commitments today.
The pension plan approved a pair of real estate commitments that fall in line with its annual pacing plan.
Orion Mine Finance Fund IV brings the firm’s total assets under management to over $9 billion.
The retirement system made six commitments totaling $265 million this week.
The firm closed its first real estate fund with more than $350 million in commitments from a diverse set of institutional investors that includes foundations, pension funds, registered investment advisors, family offices, banks and their clients.
The plan also disclosed $250 million in commitments at today’s meeting.
The plan is seeking private equity, private real estate, private credit, public markets and compliance reporting consulting services.
The retirement system will consider six commitments totaling $265 million at Thursday’s investment committee meeting.
The plan made two private markets commitments following closed session deliberations.