Real Estate
The plan approved an RFP seeking value-add real estate managers to handle $7 million.
The plan made private equity and real estate commitments with two new managers and five existing managers in March.
The plan added two core-plus fixed-income managers to the portfolio and made 11 alternatives commitments in the first quarter.
The plan agreed to utilize a fund-of-one manager to implement its maiden private credit allocation and hired a short-duration fixed-income manager this week.
The plan will add six managers to the portfolio over the next six to nine months in a restructuring that will also see staggered terminations.
The commitments include two new manager relationships.
The plan committed to a new private equity manager relationship and trimmed its real estate portfolio.
The plan concluded its core real estate replacement search at a meeting last week.
The termination follows a completed asset/liability study.
The plan committed to three funds run by new manager relationships.
