Real Estate
Artisan has entered into an agreement to acquire a nearly $1 billion real estate firm.
The plan is seeking non-discretionary investment consulting services for its more than $500 million alternatives portfolio.
The retirement system will also receive private markets pacing schedules this week.
The plan approved two commitments for pacing purposes.
The board replaced its sole real estate manager last month due to organizational concerns and a decline in assets.
The pension plan disclosed commitments totaling roughly $778 million in the third quarter.
The retirement system also placed its international large-cap growth equity manager on watch last month.
The plan is searching for domestic and international equity, core fixed-income and core real estate managers.
The plan disclosed new commitments totaling $525 million at its board meeting last week.
The retirement association added a dedicated infrastructure target as part of a newly approved asset allocation last month.