Real Estate
The firm has successfully completed the final closing of its second real estate fund.
The plan approved commitments to two core infrastructure funds and one new core real estate manager relationship.
The pension plan added a private credit commitment alongside private equity and real estate co-investments in July.
The retirement system approved an active international equity manager RFP last week.
The search is being conducted to comply with standard state regulatory compliance.
The plan committed $70 million total across three funds in the last several months.
The pension plan hired a manager to build out its real estate allocation in May.
The plan adopted a new asset allocation that also eliminated risk parity and more than doubled its hedge fund target this week.
Plan staff will conduct on-site visits with six private debt firms next month.
The pension plan’s investment committee approved four commitments totaling $275 million last week.