Real Assets
The newest commitments come as part of a pacing plan for the asset class.
The retirement system made six commitments totaling $265 million this week.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The plan will allocate $1.35 billion to active and passive infrastructure strategies.
The retirement system will consider six commitments totaling $265 million at Thursday’s investment committee meeting.
The plan added two private markets commitments last month.
The plan will search for active and passive strategies for a total of up to $1.3 billion.
The plan approved a $40 million core infrastructure commitment last week to fill a new allocation to the asset class.
The U.S. and Israel’s joint strike against Iran over the weekend has prompted retaliation across the Middle East that sent oil prices surging, though industry experts believe the markets can absorb those levels in a short-lived conflict.
The retirement fund added $249 million in new commitment at last week’s board meeting.