Real Estate
The search is being conducted to comply with standard state regulatory compliance.
The plan committed $70 million total across three funds in the last several months.
The pension plan hired a manager to build out its real estate allocation in May.
The plan adopted a new asset allocation that also eliminated risk parity and more than doubled its hedge fund target this week.
Plan staff will conduct on-site visits with six private debt firms next month.
The pension plan’s investment committee approved four commitments totaling $275 million last week.
The plan disclosed recent private equity, private credit and real estate commitments.
The search is part of standard state procurement laws.
The university disclosed follow-on real estate and venture capital commitments made with existing managers within its endowment in the first quarter.
The retirement system rehired its incumbent for a five-year contract in 2019.