Real Estate
The plan hired one firm to handle both general investment and alternatives consulting services.
Commitment represents a new relationship for the plan.
The fund will consider redeeming from a real estate manager next week due to continued underperformance as the strategy has been hampered by its concentration in office and retail.
The institution made the bevy of commitments with existing managers within its long-term portfolio between October and January.
The plan committed to a buyout fund and an opportunistic real estate fund at its board meeting yesterday.
Plan first invested with the real estate manager in 2012.
The commitments include two new relationships for the plan.
The plan approved new credit, venture capital and real estate commitments as well as several changes to its target asset allocation last week.
The plan is searching for opportunistic and value-add strategies.
The plan made commitments across private equity, private credit and real estate as part of its annual pacing plan.