Real Estate
The plan hired two core real estate managers following finalist interviews yesterday.
The plan also adopted a new strategic asset allocation at its board meeting this week.
The plan approved private equity and real estate commitments at its board meeting today.
The plan has now hired a total of 12 new international equity managers this year.
Fund IV marks the firm’s largest today at $309 million in equity commitments.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The deal is expected to close this quarter.
The fund makes opportunistic investments in senior loans and real estate securities in the U.S. and Western Europe.
The plan also received a private markets pacing plan in January.
The plan last conducted a similar search in 2020.
