Real Estate
The plan will conduct three manager searches in the next three to six months.
Plan terminated its domestic small-cap value equity manager due to the firm’s investment team spinning out to form a new entity.
The plan made new private equity and real estate commitments.
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
Plan added $40 million in value-add real estate commitments last week to help reach its 15% target to the overall asset class.
Plan disclosed $412.5 million in recent alternatives commitments.
The plan’s investment consultant is recommending discussions on areas such as real estate, infrastructure, private equity and direct lending.
Plan added commitments to real estate and venture capital funds at this month’s board meeting.
The plan added two private equity commitments and announced the departure of an assistant senior investment officer for real estate at its board meeting yesterday.
The plan approved an emerging markets equity manager search and new real estate pacing plan yesterday.