Real Estate
The searches are part of an implementation plan following approval of a new asset allocation in May.
The plan concluded its investment consultant and private investment consultant searches that began last year, retaining its general consultant and hiring a new private investment consultant.
The plan will target $110 million to core managers and $60 million to non-core emerging real estate managers.
The plan initiated both searches earlier this year for pacing purposes.
The plan also made an infrastructure commitment at a board meeting today.
The plan approved a new real estate manager structure that factored in the implementation of a recent manager hire and adopted a new asset allocation last month.
The plan is seeking one or more firms to provide non-discretionary consulting services for three asset classes.
The institution selected a climate reporting consultant following a search from February and added hedge fund and real estate investments with existing managers during the first quarter.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The plan will hire one additional firm in its multi-credit asset class search.
