Real Estate
The plan committed roughly $1.2 billion total to four new managers and two existing managers in October.
The plan will consider eliminating its global REITs allocation for liquidity purposes and disclosed a commitment to an existing infrastructure manager today.
The plan added a $10 million real estate credit commitment at an October board meeting.
The pension board approved a private real estate commitment last month.
The plan committed to two managers following closed session discussions.
The plan is seeking non-core real estate, farmland, timber and infrastructure strategies to fulfill an up to $400 million mandate.
The plan will search for a new core-plus fixed-income firm after recent asset losses and a change in ownership experienced by its incumbent manager.
Plan will potentially launch an RFP for an emerging markets equity manager after adding a second firm to diversify its exposure to the space this week.
The plan will conduct searches for core and non-core real estate managers.
The plan removed a manager structure constraint for its return-seeking fixed-income portfolio and approved a value-add real estate commitment with an existing manager this month.