Infrastructure
The pension plan received staff recommendations to fully redeem a multi-strategy hedge fund mandate and commit to a global infrastructure strategy today.
The pension plan’s investment committee approved private credit and infrastructure commitments last week.
The plan hired several managers at its board meeting today, totaling more than $1 billion.
The pension plan will conduct two manager searches after approving a fiscal year 2024 real assets investment plan.
The plan is searching for infrastructure managers after creating a maiden target to the asset class last year.
The treasurer’s office hired a firm to handle the inaugural investment within its infrastructure impact investment program after hiring an investment advisor to oversee the program earlier this year.
The retirement system will interview three firms for a $20 million mandate.
The board also named a new retirement manager.
The plan is conducting the search to comply with state procurement regulations.
The commitments were approved by the plan’s private markets committee at a meeting yesterday and require full board approval later this month.
