Real Estate
The plan will commit a total of $73 million to four asset classes next year.
Institutional investors have steadily re-entered the core and core-plus real estate space over the last few quarters, with a long stretch of positive performance among the reasons factoring into the decision to step off the sidelines.
The plan also replaced its discretionary private equity and private credit consultant.
The retirement systems are looking for non-core real estate managers to handle a total of $43 million.
The retirement system also committed more than $1.5 billion to private markets.
The plan will consider approving an RFP at next week’s investment committee meeting.
The plan is conducting a replacement search after terminating its incumbent core fixed-income manager today.
The plan made six commitments totaling more than $900 million.
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.
