Real Estate
The plan disclosed making private equity and absolute return commitments with existing managers during the second quarter.
The plan disclosed private equity, private credit and real estate commitments at a board meeting today.
The plan eliminated one firm from consideration after finalist interviews today.
The search follows the plan increasing its real estate target by 5% earlier this year.
The commitment will help move the retirement system closer to its 30% non-core real estate target.
The $300 million in total commitments went to existing managers.
The plan disclosed commitments totaling $300 million at a meeting last month.
The fund was slated to receive recommendations to restructure its real estate portfolio and add extended equity managers to its portfolio at its board meeting last week.
The fund received commitments from institutional investors, including endowments, family offices, foundations and public and private pension funds.
The plan liquidated a global equity mandate and made $1.5 billion in total commitments in July.