Real Estate
The plan made the commitment at its board meeting this month.
The plan is also scheduled to request an emerging markets equity manager search in the coming months.
The plan will receive a recommendation to terminate one of its real estate managers next week.
The pension plan approved three commitments totaling $175 million yesterday.
The pension plan made opportunistic real estate and buyout commitments totaling $275.5 million in January.
The plan will consider new structures for its infrastructure, non-U.S. equity and real estate portfolios later this week.
The board also approved rehiring the investment consultant for its deferred compensation plan.
The university hired a new global equity manager and added a commitment to an existing real estate manager relationship within its endowment last week.
The plan also expects to issue a general investment consultant RFI this year.
The commitments complete a search issued late last year as part of the plan’s annual pacing plan for the asset class.