Real Assets
The plan will commit $160 million total to infrastructure through 2029.
The plan also recently concluded a liquid credit manager search.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The pension fund swapped out an active large-cap value equity mandate for a passive one in the second quarter.
Evergreen funds have seen tremendous growth and interest in recent years, which the industry anticipates will continue as data entered in the second quarter of the year showed an uptick in commitments to these perpetual investment vehicles that provide institutions with positive attributes.
The retirement association also recently committed $205 million across six new funds.
The organization revised the asset allocation for its Balanced Pooled Fund in the fourth quarter, removing its diversifying strategies allocations to increase real estate and real assets.
The firm raised approximately $1.8 billion across multiple funds.
The strategy is KKR’s largest infrastructure fund raised to date.
The plan also approved a maiden infrastructure manager hire at today’s board meeting.
