Real Estate
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.
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The plan also approved $320 million in alternatives investments at this week’s meetings.
The plan agreed to a consultant recommendation to terminate an underperforming international small-cap equity manager this week.
The plan disclosed three commitments totaling $275 million.
Fund II has received $350 million in primary commitments and $120 million in co-investments to date.