Infrastructure
Infrastructure marks a new asset class for the retirement fund.
The firm is targeting a $2.5 billion close for its second energy and power infrastructure credit fund.
The system approved an infrastructure commitment with a new manager alongside buyout and venture commitments with existing managers within its endowment this month.
Commitments to the private infrastructure fund market ticked up amid a stronger fundraising environment as institutions seek strategies that offer inflation protection and stability.
The retirement fund has disclosed $215 million in recent alternatives commitments.
The plan will consider adding a dedicated target to the asset class this week.
The retirement system approved three alternatives commitments at its meeting last week.
The foundation added international equity, domestic equity, high-yield bond and infrastructure investments to its portfolio during the second quarter.
The plan will not look to renew contracts with two incumbent large-cap growth equity managers.
The plan disclosed four commitments at its board meeting last month.