Real Estate
The plan committed to three real estate funds for pacing purposes.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.
The plan is looking to place a total of $300 million in core, value-add and opportunistic strategies.
The plan added $100 million across three new commitments this month.
The plans terminated their core real estate manager last month.
The pension plan committed $21.25 million total to five private markets managers last month.
The pension plan aims to commit $700 million to private equity next year and placed three managers on watch at its board meeting last week.
The pension plan will liquidate its $227.5 million timber mandate and $106.4 million farmland mandate due to underperformance.
The pension plan committed $140 million total to two managers yesterday.
The fund approved a real estate debt commitment to an existing manager above previous commitment levels in the third quarter.
