Real Estate
The plan launched a search over the summer due to performance concerns with two incumbents.
The pension funds added a $300 million investment to an existing manager relationship.
The pension plan also hired three core real estate managers this week.
The plan doubled its value-add real estate target allocation over the summer.
The board also disclosed a fixed-income manager termination last week.
The transaction is expected to close in the fourth quarter.
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
The pension system made $116.5 million in new private markets commitments in July.
The fund closes at more than double its $500 million target.
The retirement system increased its private core real estate target in the second quarter.
