Real Estate
The plan hired an infrastructure manager and committed $1.5 billion in the second quarter.
The search is for North American value-add and opportunistic real estate funds.
The plan hired a new global equity manager to handle a $500 million mandate and added 13 other commitments last month.
Plan will review non-core real estate and private equity search reports provided by general investment consultant AndCo Consulting next month.
The plan will revisit discussions regarding a potential $15 million real estate commitment at a future board meeting.
The plan initiated a search for a private equity emerging manager to fill a commitment capped at $10 million and completed a core real estate search this week.
The search is open to core and core-plus real estate managers.
The city’s three pension plans added a second core real estate manager in May.
The commitments to the two managers totaled $200 million.
The university will consider a real estate commitment with a new firm after disclosing follow-on commitments to existing venture capital, private equity and real estate fund managers.
