Real Estate
The plan made a non-core real estate commitment at its board meeting last week.
A Midwestern pension plan added a new infrastructure target as part of a new real assets structure recommended by its investment committee.
Two Sigma Real Estate will initially concentrate on real estate assets in North America across multiple segments and invest in assets supported by data science research.
Real estate and infrastructure commitments followed closed session deliberations.
Plan approved an opportunistic commitment to an existing manager pending a review by its investment consultant.
Fund selected firms to implement emerging manager programs in private equity and private real estate last week.
A Midwestern pension plan has retained its general investment consultant following an RFP process from last year for due diligence purposes.
The new group broadens the firm’s opportunity set into the U.S. private commercial real estate market.
The search is being conducted because the plan is underallocated to the asset class.
The plan hired a firm that will help build a direct hedge fund portfolio.