Real Estate
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.
The firm has announced the final closing of “the largest self-storage fund ever raised.”
The plan recently committed to four private markets managers.
The plan is set to receive pacing plans for private equity, real assets and credit this week.