Real Estate
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The change comes as part of an overall review of the real assets portfolio by its general investment consultant.
The pension plan approved asset allocation changes within its domestic equity, real estate and private markets portfolios yesterday.
The retirement system also made several changes to its public equity and real estate portfolios last week.
The three private markets commitments totaled $65 million.
The retirement system approved a real estate commitment with an existing manager relationship in July.
The plan committed up to $150 million across three funds in May and June.
The retirement system will also consider several changes to its public equity and real estate portfolios this week.
The new managing director was promoted following the recent retirement of her predecessor.
The deputy portfolio manager will depart the firm at the end of this month.
