Real Estate
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.
The system is seeking investment consulting services across investment practices and performance as well as general investment and alternatives asset classes.
The system approved private equity and real assets commitments with existing investment managers within its endowment at its board meeting last month.
The plan moved the assets to its passive core real estate manager.
The commitments include a first time relationship for the plan.
The retirement system added a value-add real estate commitment in February that marks the third in a row with the manager.
The pension recently added a sustainability-focused public equity manager alongside private equity and real estate commitments.
The plan is looking to invest with two open-end core real estate managers.
The plan also disclosed two recent private markets commitments.
