Infrastructure
The recommended hire of an additional active core-plus manager comes after the decision to implement an all-active approach.
The firm raised approximately $1.1 billion in total capital commitments for two of its latest funds.
The plan interviewed three firms for a $7.5 million mandate.
The search is for an open-end private infrastructure strategy.
The plan is seeking active and passive funds to handle $1.35 billion.
GCM Grosvenor has hired Michael Albrecht as a managing director in its infrastructure business.
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.
