Real Estate
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The pension fund approved up to $500 million in private markets commitments at a meeting today.
Evergreen funds have seen tremendous growth and interest in recent years, which the industry anticipates will continue as data entered in the second quarter of the year showed an uptick in commitments to these perpetual investment vehicles that provide institutions with positive attributes.
The real estate commitment represents a new relationship for the plan.
The retirement association also recently committed $205 million across six new funds.
The plan also made a private credit commitment at today’s board meeting.
The trust recently hired managers to fill its maiden targets to listed infrastructure and listed REITs.
The pension plan’s deputy cio will also retire next month after a decade in the role.
The search comes in conjunction with a manager redemption request approved this week.
The retirement system opted to retain its general investment consultant at a board meeting last week.
