Real Estate
He will serve as co-cio before becoming sole cio in the third quarter.
Plan added three private equity and one real estate commitments in the year’s first two months.
Plan added a $3 million real estate commitment to stay aligned with its investment policy statement.
She will oversee the firm’s real estate division and began on March 1.
An education system in the South approved a private equity commitment with a new manager and a real estate credit commitment with an existing manager last month following a recommendation from its general investment consultant.
Plan will seek a core open-end real estate manager to handle a $20 million mandate.
Plan disclosed value-add real estate and private equity commitments in newly released board meeting materials.
Plan has issued an RFP for separate account management services to implement a private markets investment program for its OPEB trust.
The commitments include one to a first-time manager for the plan.
The plan will invest more than $90 million overall in two existing relationships.