Real Estate
The plan also reviewed proposed alternatives commitments of up to $995 million this week.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The retirement fund terminated two equity managers and disclosed commitments totaling $1.7 billion in August.
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.
The plan also recently added two public markets managers to its watch list.
The pension plan approved real estate and private markets commitments totaling $120 million yesterday.
The plan also renewed several of its investment consulting contracts at today’s board meeting.
The plan also delegated investment authority to its executive director.
The hire completes a review of the real assets portfolio that will now see it split evenly between one core-plus and two core managers.
The retirement fund is seeking primary direct private equity funds to handle up to $50 million in commitments.