Real Assets
The plan received an infrastructure search report that included two candidates at today’s meeting.
The retirement system made infrastructure and private equity commitments totaling $295 million last week.
The commitments include two new manager relationships for the council.
The plan will look to conclude its private markets consultant search next month.
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The change comes as part of an overall review of the real assets portfolio by its general investment consultant.
The search is open to equity-focused, open-ended strategies.
The search is for an open-ended farmland manager to handle up to $22 million.
The new managing director was promoted following the recent retirement of her predecessor.
The plan created a 3% target to multi-asset credit earlier this year.