Real Estate
The plan last conducted a real estate consultant search in 2017.
The pension plan created stand-alone target allocations for real estate and infrastructure and recently added a new member to its investment staff.
The plan committed to three real estate funds for pacing purposes.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.
The plan is looking to place a total of $300 million in core, value-add and opportunistic strategies.
The plan added $100 million across three new commitments this month.
The plans terminated their core real estate manager last month.
The pension plan committed $21.25 million total to five private markets managers last month.
The pension plan aims to commit $700 million to private equity next year and placed three managers on watch at its board meeting last week.
The pension plan will liquidate its $227.5 million timber mandate and $106.4 million farmland mandate due to underperformance.