Infrastructure
The board hired an infrastructure manager and adopted a new asset allocation policy in April.
The retirement plan interviewed the firm in closed session at today’s board meeting.
The retirement system approved infrastructure and private credit commitments at a meeting today.
The plan also received a trustee request for a competitive bid process for investment consulting services.
The retirement system is working with its general investment consultant to conduct a search for strategies.
The retirement system created a 3% target to the asset class in February.
The alternative asset manager closed its third digital infrastructure fund targeting ownership and development of data center or other real assets at its hard-cap.
The Southern-based private equity and infrastructure manager has hired a partner to help shape its strategy and enhance client solutions.
A global investment firm surpassed its fundraising goal for its sixth infrastructure fund targeting solar energy projects.
The firm’s most recent infrastructure fund reached its hard cap of $2.6 billion.