Real Estate
The pension plan liquidated its approximately $1.9 billion global equity mandate and made commitments totaling $1.6 billion in March.
The firm closed its latest flagship private market fund with nearly $4 billion in commitments from nonprofits and other institutional investors globally.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.
The plan has issued a request for quotations and qualifications for the services.
The plan is seeking broadly diversified core open-end real estate strategies.
The retirement system hired a firm to replace its underperforming incumbent earlier this week.
ACORE Credit Partners II closes with total equity commitments of approximately $1.4 billion.
The plan received an international equity structure review at today’s meeting that calls for a public RFP process.
The hire completes a search launched last year following a new asset allocation approval.
The plan initially hired the core real estate manager in November as part of a search that was launched in 2022.