Real Estate
The trust fund added core-plus real estate fund this month as it looks to increase its exposure to manufactured housing and residential real estate.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The retirement system expects to launch an emerging markets small-cap search before the end of the year and a broad emerging markets search next year.
The pension plan made a $24 million commitment to an existing real estate manager relationship in October.
The plan is looking to invest up to $450 million with qualified managers.
The plan also made several private markets commitments totaling more than $500 million.
The retirement fund committed $100 million across three strategies last month, concluding a search initiated in May.
The foundation added private real estate, private equity and private credit strategies with new managers to its portfolio last month.
The plan expects to issue the RFP before the end of the month.
The retirement association also made real estate commitments and a hedge fund redemption this quarter.