Real Estate
The retirement plan is expected to issue the RFPs for pacing purposes.
The pension plan also disclosed more than $500 million in private equity commitments.
The retirement system also made three commitments at its investment committee meeting last week.
The pension fund has issued RFPs seeking value-add real estate and real estate debt managers.
The plan also made two private markets commitments last month.
The deadline for applications in the search is July 21.
The plan voted to consolidate its global equity portfolio to three managers from four at a board meeting today.
The plan voted to consolidate its global equity portfolio to three managers from four at an investment committee meeting today.
The retirement system doubled its target to value-add real estate at a board meeting today.
The RFP was approved at yesterday’s board meeting to increase the plan’s commitment to private core real estate and to non-core real estate.
