Real Estate
The commitments include three new manager relationships for the retirement system.
The pension fund also approved a private equity commitment and retained its general investment consultant following a search.
The commitments include two new manager relationships for the council.
The plan will look to conclude its private markets consultant search next month.
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The change comes as part of an overall review of the real assets portfolio by its general investment consultant.
The pension plan approved asset allocation changes within its domestic equity, real estate and private markets portfolios yesterday.
The retirement system also made several changes to its public equity and real estate portfolios last week.
The three private markets commitments totaled $65 million.
The retirement system approved a real estate commitment with an existing manager relationship in July.