Infrastructure
Many endowments, foundations and their allocators point to relatively small or medium-size private equity buyout and early-stage venture capital for returns that outpace the public markets, while private real estate, infrastructure, hedge funds and private debt, especially asset-based lending look like strong portfolio diversifiers in this year’s mercurial environment.
The retirement fund intends to allocate at least $200 million to open-ended, diversified core and core-plus infrastructure equity funds.
The retirement fund intends to allocate at least $200 million to open-ended, diversified core and core-plus infrastructure equity funds.
The plan added $560 million in recent commitments across private equity, infrastructure and real estate.
The real assets consultant will cover non-real estate asset classes such as infrastructure, energy transition and natural resources.
The retirement fund is also scheduled to review a core infrastructure manager for potential inclusion in the portfolio in February.
The retirement system also hired an international all-cap growth equity manager and four infrastructure managers this week.
The pension plan hired two infrastructure managers at today’s board meeting.
The retirement association was notified of a hedge fund commitment and real assets reallocation last week.
The plan has lined up 2026 searches for real assets, real estate and private credit managers.