Real Estate
Fund will interview three open-end core real estate managers to potentially handle $100 million total and two closed-end core real estate managers to handle $50 million prior to its board meeting at the end of the month.
Plan retained its incumbent consultant over proposals from four other firms.
Plan’s new asset allocation policy will introduce a 10% target to domestic small-cap equity.
Plan committed a total of $40 million to a pair of diverse-owned value-add real estate managers.
New director joins from general investment consultant AndCo Consulting.
The plan will issue the RFP in June due to the upcoming contract expiration of incumbent RCLCO.
Plan made a real estate debt commitment and increased its existing core real estate investment with an existing manager this week.
Foundation hired a real estate manager as part of increasing its allocations to real estate and real assets last year.
Plan will seek infrastructure managers to complement its existing portfolio.
