Real Estate
The plan made $650 million in total private markets commitments during the first quarter.
The search, initially launched in 2022, has been on hold amid board changes.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
The pension plan received a recommendation to hire a real estate manager last month.
The commitments were made in closed session at this week’s board meeting.
The plan made three credit-focused commitments with existing manager relationships.
The search is open to equity or debt-related real estate strategies.
The search is for one or more domestic public long-only managers.
The plan will conduct a private debt search focusing on European special situations strategies and made two commitments totaling $50 million this week.
The RFP will be issued on the plan’s website “shortly.”