Real Estate
The fund closes at more than double its $500 million target.
The retirement system increased its private core real estate target in the second quarter.
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The plan also approved $320 million in alternatives investments at this week’s meetings.
The plan agreed to a consultant recommendation to terminate an underperforming international small-cap equity manager this week.
The plan disclosed three commitments totaling $275 million.
Fund II has received $350 million in primary commitments and $120 million in co-investments to date.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The pension fund approved up to $500 million in private markets commitments at a meeting today.
Evergreen funds have seen tremendous growth and interest in recent years, which the industry anticipates will continue as data entered in the second quarter of the year showed an uptick in commitments to these perpetual investment vehicles that provide institutions with positive attributes.
