Real Estate
The plan also made a real estate commitment at today’s board meeting.
The plan hired two infrastructure managers at its board meeting last week after divesting from a real estate fund in May.
The foundation has also liquidated a domestic small-cap growth equity mandate.
The Teacher Retirement System of Texas has committed $225 Million as anchor investor to the fund.
The commitments made earlier this month include a first-time manager for the plan.
The retirement fund is seeking closed-end value-add or opportunistic equity private real estate funds.
The plan added the firm to complement its existing domestic small- to mid-cap core equity manager.
The plan interviewed three managers at its meeting earlier this month.
Kayne Anderson Real Estate Opportunistic Debt II Closes with approximately $1.7 billion in capital commitments.
The plan also funded a new internally managed enhanced index fund.