Real Estate
The plan disclosed recent private equity, private credit and real estate commitments.
The search is part of standard state procurement laws.
The university disclosed follow-on real estate and venture capital commitments made with existing managers within its endowment in the first quarter.
The retirement system rehired its incumbent for a five-year contract in 2019.
The pension plan approved a fiscal year 2025 real estate investment plan on Friday that calls for $240 million in total commitments to the asset class.
The plan also hired an international small-cap equity manager after finalist interviews.
The retirement system introduced a 3% public real assets target and made two private equity commitments in February.
The pension plan eliminated its 5% real estate target as part of a new asset allocation policy approved in the first quarter.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.
The commitments include two new manager relationships.