Real Estate
The plan committed to three non-core real estate funds last week.
The retirement board has approved a fiscal year 2025 real assets investment plan that discontinued its search for two new open-end core real estate managers.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The search is open to value-add real estate managers.
The search is open to value-add and opportunistic real estate strategies.
The retirement fund also disclosed approximately $1.6 billion in alternatives commitments made in July.
The plan disclosed new private equity, credit and real estate commitments at a board meeting today.
The pension plan committed $200 million to real assets and real estate funds last week.
The pension plan introduced a 10% private markets target, which consists of one-third real estate/real assets, last year.
The pension plan introduced a 2% target to real estate debt as part of a new asset allocation policy adopted last month.