Real Estate
The plan has also terminated an underperforming international equity manager.
The pension plan approved one credit and three real estate commitments totaling $180 million at yesterday’s investment committee meeting.
The plan is set to commit $700 million to private credit this year.
The plan also placed two investment managers on watch last month.
The investment division last conducted an RFP for the services in 2018.
The plan is considering diversifying its real estate portfolio to include non-core strategies.
The pension plan will consider approving one credit and three real estate commitments totaling $180 million at its Jan. 9 investment committee meeting.
The plan hired one international equity manager and terminated three others at this week’s board meeting.
The plan made two commitments totaling $315 million today.
The West Coast pension system closed on private equity and real estate commitments last month.
