Real Assets
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
The pacing plan will commit a total of $825 million to real assets and private equity strategies.
The trust’s incumbent U.S. small-cap growth equity manager ceased operations.
The plan will consider eliminating its global REITs allocation for liquidity purposes and disclosed a commitment to an existing infrastructure manager today.
The plan is seeking non-core real estate, farmland, timber and infrastructure strategies to fulfill an up to $400 million mandate.
The plan approved an infrastructure commitment with an existing manager and was informed of two credit commitments at yesterday’s board meeting.
The plan also disclosed a pair of private markets commitments.
The plan removed a manager structure constraint for its return-seeking fixed-income portfolio and approved a value-add real estate commitment with an existing manager this month.
The plan recently committed to four private markets managers.
The plan was notified of four commitments in closed session at yesterday’s board of investments meeting.