Real Assets
The plan also delegated investment authority to its executive director.
Nonprofit investors can find attractive investment opportunities in precious metals like gold, critical minerals like lithium and agriculture that diversify their real assets portfolio, while also providing a potential hedge against ‘stagflation.’
The firm recently held the final close of its private equity strategy that aims to invest in large-scale wetland, stream, water quality, biodiversity and habitat mitigation and restoration projects across the U.S.
The proposed transaction is expected to be finalized next month.
The pension system added $240 million across the real estate, infrastructure and private credit asst classes last month.
The retirement system will soon begin filling out its maiden 5% infrastructure target.
The pension fund will interview four finalists apiece in respective private debt and data-center-focused real estate searches in the coming months.
The pension plan hired two infrastructure managers as the result of a newly approved asset allocation policy in the second quarter.
The commitments include three new manager relationships for the retirement system.
The oversubscribed fund achieved its hard cap of 300 million.