Infrastructure
The plan will consider shifting its active international large-cap equity manager to a passive option this week.
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.
A California pension plan hired a new real estate consultant and approved a private equity and infrastructure pacing plan today.
Plan will consider breaking up 5% allocation to Master Limited Partnerships and is considering exposures to commodities, listed infrastructure and TIPS.
The fund focused on the energy, transport and logistics sectors, as well as environmental, digital and social infrastructure.
The acquisition was first announced in September.
Plan wrapped up a direct lending manager search with a $12 million commitment in September.
The fund is a non-diversified, closed-end fund that invests primarily in income-producing equity securities issued by infrastructure companies.
Plan disclosed recent private equity, credit, infrastructure and real estate commitments totaling approximately $1.2 billion.
