Real Estate
The plan’s consulting contracts are slated to expire in the first quarter of 2025.
The plan made the decision in closed session of its August board meeting.
The plan also named finalists in its non-core real estate and private credit searches.
The upcoming search complies with standard state procurement laws.
The firm has updated its investing leadership structure, forming a globally-focused investment management leadership team, in preparation for its next phase of growth.
The plan committed to three non-core real estate funds last week.
The retirement board has approved a fiscal year 2025 real assets investment plan that discontinued its search for two new open-end core real estate managers.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The search is open to value-add real estate managers.
The search is open to value-add and opportunistic real estate strategies.