Real Estate
The plan also approved several new private markets commitments at a board meeting last week.
The plan is slated to interview four finalists in its real estate debt manager search next week.
The pension fund approved up to $650 million in new private markets commitments at a meeting today.
The retirement system is conducting the search to “assess the feasibility” of establishing a private markets emerging manager program.
The pension fund committed $24 million across new real estate manager relationships last month.
The plans adopted the new asset allocation following an asset study by their general investment consultant.
The acquisition will accelerate EQT Real Estate’s evolution into a thematically diversified platform.
The pension system also discussed a potential private equity pacing plan that calls for $80 million to $90 million per year to reach its 11% target.
The plan also terminated an international large-cap growth equity manager.
The retirement association will also consider rehiring its general investment consultant this week.
