Searches And Hires
The pension plan made $851.7 million in total private equity/current return commitments and $288 million in total real estate commitments in the fourth quarter.
The pension system will hear a recommendation to interview three finalists in an ongoing active core fixed-income manager search.
The plan now has two active managers in its global equity portfolio.
The plan will issue an RFP later this year due to statutory requirements.
The plan will also consider a $30 million re-up commitment with a real estate manager.
The town currently works with investment advisor Morgan Stanley Investment Management.
Western Asset Management had been on the plan’s watchlist since September.
The corporation is searching for firms to establish a state venture capital fund and to act as the manager of the fund, for which the state will be a limited partner.
The fund will look to commit more than $300 million across private equity and private credit this year as part of the pacing plan to reach its target allocations by the end of the decade.
The retirement system will also see its executive director resign on Friday after less than a year in the role.
