Real Estate
Plan will narrow a diversified core real estate manager search to finalists after reviewing an initial list of candidates last week.
The plan concluded a global equity search conducted in the fourth quarter.
Plan added commitments totaling roughly $2.7 billion with six existing managers and two new managers in March.
Plan is targeting direct lending strategies and will award up to $600 million per mandate.
Plan committed up to $130 million to two funds this week.
A pension board affiliated with a major church is recommending the denomination add several energy companies to its divestment/proscription list due to involvement in environmental issues.
Plan approved a convertible bond hire at today’s meeting as well as private equity and real estate commitments.
Plan committed $50 million to a new core-plus real estate manager this month.
He will manage commercial real estate loan and securities investments.
She is responsible for origination and portfolio management for the firm’s real estate platform.
