Real Estate
The deal is expected to close this quarter.
The fund makes opportunistic investments in senior loans and real estate securities in the U.S. and Western Europe.
The plan also received a private markets pacing plan in January.
The plan last conducted a similar search in 2020.
The retirement system also increased its fixed-income target at the expense of real estate.
The plan’s private markets portfolio accounts for more than half of its total assets.
The retirement system’s cio disclosed recent staff-delegated alternatives commitments totaling $110 million.
The trust will also consider a core-plus real estate manager in May.
The pension plan made $851.7 million in total private equity/current return commitments and $288 million in total real estate commitments in the fourth quarter.
The plan will also consider a $30 million re-up commitment with a real estate manager.