Real Estate
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.
The plan will issue an RFP later this year due to standard state procurement laws and has also tabbed several private markets searches.
The plan scheduled its annual commitments for private equity, private debt, real assets and real estate.
The pacing plan and target allocation changes were recommended as part of an annual real estate program review.
The pension plan added commitments in real estate, private credit and private equity in recent months.
The plan disclosed four total commitments made last month.
The plan also made a direct lending commitment in the fourth quarter.
The retirement system terminated its domestic core real estate manager after being informed of its underperformance and personnel changes in December.