Real Estate
The strategies have each deployed or identified approximately $1.1 billion of initial investments to date.
The retirement system also concluded its real estate search for debt, opportunistic and value-add managers.
The deferred compensation plan also replaced its multi-strategy real estate manager last week.
The state pension plan also approved three alternatives commitments at a meeting last week.
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.