Real Estate
The retirement fund added a dedicated 5% allocation to the asset class earlier this year.
The retirement plan eliminated its floating rate bonds target allocation as part of a newly adopted policy last month.
The deferred compensation plan will also consider replacing its multi-strategy real estate manager this week.
The retirement system also approved a 2026 private markets pacing plan in January.
The public utility plan committed to two real estate strategies last week.
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.