Real Estate
The plan made additional commitments to existing managers at its meeting last week.
The plan terminated a manager after discussions held in closed session last month.
The plan approved four private equity and real estate commitments at today’s board meeting.
Plan added real estate and real assets commitments totaling $60 million this week.
The plan made two commitments within its real estate portfolio and one commitment within its private credit and income portfolio last week.
Hire will expand the company’s product offerings to include vehicles for real estate equity investments.
Plan diversified its real estate portfolio with two commitments last month.
Plan will begin addressing high-level considerations and formulating plans to begin redeploying assets in private markets investments after halting new commitments since 2016.
The plan will seek a core fixed-income manager next year and recently terminated a REIT manager to fund a new private real estate mandate.
Plan added a direct real estate investment and a REIT investment to fill out a new 5% allocation to the asset class.