Real Estate
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
The plan will consider hiring a firm to replace a previously terminated domestic core real estate manager.
The search is only open to domestic core and core-plus real estate managers.
The fund has closed with approximately $8 billion in total capital commitments.
The pension plan recently approved three commitments totaling $165 million.
The retirement system hired five managers to each handle between $50 million and $75 million yesterday.
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.
The firm has closed its largest real estate fund to date.
The plan hired two core real estate managers following finalist interviews yesterday.
The plan also adopted a new strategic asset allocation at its board meeting this week.