Real Estate
The commitments include two new relationships for the council.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.
The pension plan committed $120 million total to two existing manager relationships in the third quarter.
The pension fund is seeking U.S. residential real estate managers to handle at least $50 million.
The searches result from a new domestic equity structure.
The pension fund also added several private markets commitments in recent months.
The pension plan made $734.7 million in total private equity/current return commitments and $321 million in total real estate commitments in the third quarter.
The plan is looking to commit a total of $50 million to multiple funds focused exclusively on residential real estate.
The plan also appears to have reissued its private markets consultant RFP.
The plan also placed its core fixed-income manager on watch in recent months.