Real Assets
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.
The trust recently hired managers to fill its maiden targets to listed infrastructure and listed REITs.
The search comes in conjunction with a manager redemption request approved this week.
The retirement system opted to retain its general investment consultant at a board meeting last week.
The foundation recently committed $4 million to a value-add real assets manager investing in climate-resilient U.S. farmland and timberland.
The pension fund will also receive presentations from a pair of infrastructure managers and a credit manager for potential commitments in September.
The plan approved commitments totaling $160 million across four funds in April and May.
