Real Assets
The retirement fund also adopted a new long-term strategic asset allocation.
The investment fund is seeking large-market private equity buyout and non-core infrastructure strategies.
The commitments include first time investments with three managers.
The plan also added several new equity managers to the program.
The plan is seeking open-ended fund managers to handle $45 million.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The organization pivoted its asset allocation toward domestic large-cap equities as part of revisions and also added a real assets strategy.
The plan was notified of a manager termination as well as two redemptions at its Sept. 11 board of investments meeting.
The retirement systems also eliminated global low volatility and TIPS allocations earlier this year.
The retirement fund also disclosed approximately $1.6 billion in alternatives commitments made in July.
