Real Estate
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.
The plan added follow-on real estate and real assets commitments at today’s board meeting.