Real Estate
The university disclosed follow-on real estate and venture capital commitments made with existing managers within its endowment in the first quarter.
The retirement system rehired its incumbent for a five-year contract in 2019.
The pension plan approved a fiscal year 2025 real estate investment plan on Friday that calls for $240 million in total commitments to the asset class.
The plan also hired an international small-cap equity manager after finalist interviews.
The retirement system introduced a 3% public real assets target and made two private equity commitments in February.
The pension plan eliminated its 5% real estate target as part of a new asset allocation policy approved in the first quarter.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.
The commitments include two new manager relationships.
The plan will also receive presentations for potential real estate and private credit commitments at its next meeting.
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
