Infrastructure
The plan will commit an additional $60 million to private markets this year.
The plan also made two private markets commitments last month.
The plan concluded its global equity manager search with a replacement for one existing firm.
The pension plan also redeemed an alternatives manager at a board meeting today.
The institution and its affiliated foundation added new infrastructure and global equity managers in the first half of 2026.
The termination comes after the plan reduced its risk parity allocation as part of a new policy approved in April.
The retirement system made investments of $100 million each to “fixed-income replacement” and infrastructure funds this week.
The search comes after the plan increased its target to the asset class by 2%.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The retirement system doubled its target to value-add real estate at a board meeting today.
