Real Estate
The search is due to the plan’s underweight to the asset class.
Plan postponed a search for an advisor to oversee its private equity and private credit allocations to allow for its cio to participate.
The new fund will focus on opportunistic U.S. real estate.
A 529 plan in the Midwest has swapped several underlying real estate and fixed-income strategies to help reduce fees.
The plan has earmarked its calendar for January to receive private equity and real estate manager presentations for potential commitments.
He will continue to oversee the New York-based firm‘s Americas, U.K. and European investment activities.
Plan is scheduled to issue an RFI for value-add real estate managers on Friday pending approval at this week’s board meeting.
The plan redeemed its core real estate investment with Heitman.
The plan approved new commitments and announced its new executive director at a board meeting today.