Real Estate
The retirement fund committed $100 million across three strategies last month, concluding a search initiated in May.
The foundation added private real estate, private equity and private credit strategies with new managers to its portfolio last month.
The plan expects to issue the RFP before the end of the month.
The retirement association also made real estate commitments and a hedge fund redemption this quarter.
The plan will look to hire five firms after launching a search in January.
The plan will commit a total of $1.2 billion to the asset classes next year.
The plan reduced its international small-cap equity portfolio to two managers from three at last week’s board meeting.
The plan interviewed the finalist firms at its board meeting last week.
The plan placed an emerging markets equity manager on watch for performance reasons.
The plan launched the search last month for pacing purposes.