Real Estate
The hire completes a review of the real assets portfolio that will now see it split evenly between one core-plus and two core managers.
The retirement fund is seeking primary direct private equity funds to handle up to $50 million in commitments.
The pension system added $240 million across the real estate, infrastructure and private credit asst classes last month.
The pension plan was notified of two commitments totaling roughly $700 million this week.
The pension fund will interview four finalists apiece in respective private debt and data-center-focused real estate searches in the coming months.
The retirement system received proposals from five firms following an RFP issued in January.
The retirement system’s board also approved up to $250 million across private markets commitments at today’s meeting.
The pension plan also made two commitments at its real estate committee meeting in May.
The retirement fund disclosed eight commitments totaling $1.1 billion in July.
The retirement system will also look to commit up to $250 million across private markets commitments.