Infrastructure
The firm has added a green energy infrastructure investment team to its Asia business and the transaction is expected to be completed next month.
The plan made natural resources and real estate commitments last month and will consider a 2023 private markets pacing plan this week.
The watch status is due to a co-portfolio manager’s abrupt departure from the firm.
The plan expects to approve a recommendation in the third quarter.
The fund approved maiden infrastructure fund commitments in the fourth quarter as the strategies provide good yields with stable growth, strong protections against inflation and a low correlation with other asset classes.
The plan adopted a new asset allocation that includes a maiden target to the asset class.
The plan concluded its domestic small- to mid-cap equity manager search and made private markets commitments last week.
The plan concludes a search that began in February.
The plan will first issue RFPs for global infrastructure and tactical asset allocation managers.
The plan added up to $1.625 billion in new commitments at last week’s meetings.
