Infrastructure
The latest fund more than doubled the fundraise of its inaugural fund, which closed in 2022.
The retirement plan approved a private infrastructure manager search to handle a potential 4% target allocation in December.
The trust added targets of 3% each to listed infrastructure and listed REITs in the fourth quarter.
The retirement system also concluded its general investment consultant search in January.
The retirement system also approved a 2026 private markets pacing plan in January.
The plan bolstered its private real assets portfolio with three commitments today.
The newest commitments come as part of a pacing plan for the asset class.
The retirement system made six commitments totaling $265 million this week.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The plan will allocate $1.35 billion to active and passive infrastructure strategies.