Infrastructure
The plan will issue RFPs following adoption of a new asset allocation in June.
The plan is also working to narrow its infrastructure manager search.
The plan hired an infrastructure manager and committed $1.5 billion in the second quarter.
The state is searching for an investment advisor to manage a new $1 billion infrastructure impact investment program.
Plan added a pair of infrastructure investments totaling $30 million.
The board terminated three managers to “harmonize” the equity portfolios between its plans.
The fund will focus on value-added, middle market infrastructure investments.
The fund approved a new strategic asset allocation to continue to move its assets toward an endowment style portfolio with private markets investment exposure.
The fund seeks unique direct co-investment and secondary investment opportunities.
Plan introduced private credit and private infrastructure target allocations and hired a domestic mid-cap value equity manager to replace its existing mandate with Wellington Management Company this week.
