Real Estate
The plan approved three alternatives commitments at its board meeting last week.
The retirement system committed to three existing manager relationships and one new manager relationship in the first quarter.
The plan is conducting the search to comply with state procurement laws.
The pacing plans call for a total of $105 million to private markets this year.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The retirement trust opted to hire two core real estate managers and redeem from two other real estate funds at its February meeting.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
The plan will consider hiring a firm to replace a previously terminated domestic core real estate manager.
The search is only open to domestic core and core-plus real estate managers.
The fund has closed with approximately $8 billion in total capital commitments.