Infrastructure
The pension fund approved an RFP for a single infrastructure platform to handle a mandate target between $250 million and $450 million last week.
The retirement association was notified of private equity and real assets commitments last week.
The retirement system approved private equity and real assets commitments at its meeting last week.
The pension fund will seek a fund-of-one platform to fill out a 3% target allocation to the asset class.
Many endowments, foundations and their allocators point to relatively small or medium-size private equity buyout and early-stage venture capital for returns that outpace the public markets, while private real estate, infrastructure, hedge funds and private debt, especially asset-based lending look like strong portfolio diversifiers in this year’s mercurial environment.
The retirement fund intends to allocate at least $200 million to open-ended, diversified core and core-plus infrastructure equity funds.
The retirement fund intends to allocate at least $200 million to open-ended, diversified core and core-plus infrastructure equity funds.
The plan added $560 million in recent commitments across private equity, infrastructure and real estate.
The real assets consultant will cover non-real estate asset classes such as infrastructure, energy transition and natural resources.
The retirement fund is also scheduled to review a core infrastructure manager for potential inclusion in the portfolio in February.