The plan approved two non-core real estate strategies at a meeting today.
Retirement fund made real estate debt and private equity commitments at the end of the third quarter.
The commitments include private credit, infrastructure, farmland and real estate.
The plan replaced a commodities manager and added a global real estate manager to its watch list in the third quarter.
The fund extended the watch list status for one of its domestic equity managers during its August board meeting despite improved performance over the last three quarters.
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The two finalists were selected yesterday and will interview with the plan’s board in November.
The plan received information on a total of 15 managers at its meeting today.
The pension plan recently committed $280 million total to credit and real estate funds.
The plan added approximately $300 million in commitments across August and September.