Real Estate
The search is open to core and value-add real estate strategies.
Plan adds deputy cio for operations from its legal team.
The university is considering creating a related but separate entrepreneurial team to invest $2 billion in real estate on or near its campuses, while also disclosing its shifting approach to private equity investing.
The searches comply with standard state procurement laws.
The plan also concluded its real estate and passive manager searches.
The manager has trailed its benchmark for two consecutive quarters.
The selection will conclude a core-plus fixed-income search for a replacement manager.
The plan added $500 million across three new alternatives commitments in the fourth quarter.
The plan expects to issue a notification of award on Sept. 11.
The plan committed $911 million total to a core real estate strategy and three buyout funds yesterday.