Real Estate
The fund will focus on acquiring studio and media assets.
The fund acquires and improves institutional quality assets in historically attractive sectors such as multifamily and industrial.
The plan terminated a $475 million emerging markets value equity mandate in May and approved private markets commitments totaling $170 million in June.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
The plan terminated a $1.4 billion domestic large-cap value equity mandate and made commitments with four existing managers and one new manager in August.
The plan is seeking a consultant for real estate and other real assets.
The commitments are part of a search for value-add, debt and opportunistic strategies.
The plan chose a new discretionary real estate consultant over its incumbent and one other finalist this week.
The plan added two private equity fund-of-funds and real estate commitments totaling $35 million.
The plan will seek a real estate manager to handle $30 million to $60 million and recently hired a hedge fund-of-funds manager as part of new absolute return portfolio structure.
