Real Estate
The plan will look to hire five firms after launching a search in January.
The plan will commit a total of $1.2 billion to the asset classes next year.
The plan reduced its international small-cap equity portfolio to two managers from three at last week’s board meeting.
The plan interviewed the finalist firms at its board meeting last week.
The plan placed an emerging markets equity manager on watch for performance reasons.
The plan launched the search last month for pacing purposes.
The plan also disclosed several alternatives commitments approved at a board meeting today.
The plan concluded its real estate and private credit searches in the past two months.
The plan opted to retain its incumbent for an initial five-year term.
The retirement fund disclosed commitments totaling $4.5 billion in September.