Real Estate
The Northeast-based firm has appointed its head of investments as cio and head of business operations and growth as coo, both newly created positions.
The plan made commitments totaling $500 million to three funds and retained its incumbent to advise on its defined contribution plans last week.
The plan will invest $100 million into a private equity fund-of-one over the next five years.
The plan announced new real estate commitments during the fourth quarter.
The plan rehired its real estate consultant at a board meeting last week.
The fund approved a real estate commitment in a separate account agreement with an existing manager within its portfolio in the fourth quarter and disclosed infrastructure and energy investments from the first half of 2022.
The plan is seeking one or two separate account managers to establish emerging manager programs for real assets and real estate.
The board will consider hiring a new public markets consultant later this month.
The plan increased its target allocations to credit and hedge funds last month and recently approved three commitments totaling $125 million.
The plan committed $10 million to an existing real estate debt manager yesterday.