Real Estate
The search stems from 2025-2026 fiscal year real estate pacing plans approved last month.
The commitment represents the plan’s third with the real estate manager.
The plan has also cancelled its exploratory real estate search.
The plan also made a real estate commitment at today’s board meeting.
The plan hired two infrastructure managers at its board meeting last week after divesting from a real estate fund in May.
The foundation has also liquidated a domestic small-cap growth equity mandate.
The Teacher Retirement System of Texas has committed $225 Million as anchor investor to the fund.
The commitments made earlier this month include a first-time manager for the plan.
The retirement fund is seeking closed-end value-add or opportunistic equity private real estate funds.
The plan added the firm to complement its existing domestic small- to mid-cap core equity manager.