Real Estate
The plan will consider three pacing plans at its board meeting this week and recently added a private equity commitment with an existing manager.
The search is for value-add managers to handle up to $7 million.
The plan discussed three commitments last quarter totaling $75 million.
The strategic plan calls for committing $300 million to the asset class.
The plan approved an RFP seeking value-add real estate managers to handle $7 million.
The plan made private equity and real estate commitments with two new managers and five existing managers in March.
The plan added two core-plus fixed-income managers to the portfolio and made 11 alternatives commitments in the first quarter.
The plan agreed to utilize a fund-of-one manager to implement its maiden private credit allocation and hired a short-duration fixed-income manager this week.
The plan will add six managers to the portfolio over the next six to nine months in a restructuring that will also see staggered terminations.
The commitments include two new manager relationships.