Real Assets
The plan also disclosed two new commitments.
The pension plan recently made $1.8 billion in total commitments across its dynamic strategies, private equity and real assets portfolios.
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The retirement system closed on a $75 million commitment to a European infrastructure strategy last month.
The plan has begun its search for private equity, private credit and real assets consultants.
The plan approved commitments to two core infrastructure funds and one new core real estate manager relationship.
The plan committed $70 million total across three funds in the last several months.
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.