Infrastructure
The board will hear a recommendation from staff and its investment consultant to approve a co-invest commitment to an infrastructure fund-of-one with an existing manager within its portfolio.
The plan approved credit and real assets commitments at today’s board meeting and will consider a private equity commitment next month.
The retirement system also recently made private markets commitments totaling $16.5 million.
The retirement system also made a private equity commitment last month.
The plan is set to receive an infrastructure pacing plan at a board meeting tomorrow.
The board also disclosed a fixed-income manager termination last week.
The retirement system will interview the firms in November for $1.3 billion in total mandates.
The pension fund approved new private markets commitments across private equity, credit and real assets at today’s meeting.
The plan’s investment committee also approved reallocating assets from a Japan equity portfolio at a meeting yesterday.
The plan also approved $320 million in alternatives investments at this week’s meetings.
