Real Estate
The retirement fund disclosed $53 million in recent staff-led commitments.
The latest multifamily real estate value creation fund closed with $1.35 billion in capital commitments.
The trust added targets of 3% each to listed infrastructure and listed REITs in the fourth quarter.
The strategies have each deployed or identified approximately $1.1 billion of initial investments to date.
The retirement system also concluded its real estate search for debt, opportunistic and value-add managers.
The deferred compensation plan also replaced its multi-strategy real estate manager last week.
The state pension plan also approved three alternatives commitments at a meeting last week.
The retirement fund added a dedicated 5% allocation to the asset class earlier this year.
The retirement plan eliminated its floating rate bonds target allocation as part of a newly adopted policy last month.
The deferred compensation plan will also consider replacing its multi-strategy real estate manager this week.
