The retirement board has approved a fiscal year 2025 real assets investment plan that discontinued its search for two new open-end core real estate managers.
The plans last issued an RFQ for investment consulting services in 2023.
The pension plan terminated its domestic small- to mid-cap core equity manager in August due to underperformance.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The hire concludes a search launched in May for best practices.
The retirement system has terminated one of its global equity managers, which had underperformed.
The new hire most recently served as a senior portfolio manager at the State of Wisconsin Investment Board.
The partnership will initially focus on developing scalable investment solutions in infrastructure.
The firm recently added a managing director to its investment team.