Real Assets
The plan’s current illiquid consultants will see their contracts expire.
The pension plan made $512.9 million in total private equity commitments and $90 million in total real estate commitments in the second quarter.
The plans will hire a firm in their ongoing farmland manager search soon.
Plan will work with its private markets consultant to build out large buyout private equity and non-core infrastructure components within its investment portfolio.
The retirement system rehired its incumbent for a five-year contract in 2019.
The plan also hired an international small-cap equity manager after finalist interviews.
The plan will interview two international equity managers next week to replace its underperforming incumbent.
The retirement system introduced a 3% public real assets target and made two private equity commitments in February.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.
The commitments include two new manager relationships.
