Real Assets
The real assets consultant will cover non-real estate asset classes such as infrastructure, energy transition and natural resources.
The plan hired two firms to implement emerging manager programs of up to $400 million each for real estate and real assets.
The retirement fund is also scheduled to review a core infrastructure manager for potential inclusion in the portfolio in February.
The retirement system also hired an international all-cap growth equity manager and four infrastructure managers this week.
The pension plan hired two infrastructure managers at today’s board meeting.
The firm launched an actively managed, high-conviction equity portfolio as it recognized the need for a diversified mix of energy sources to meet rising demand.
The retirement association was notified of a hedge fund commitment and real assets reallocation last week.
The plan has lined up 2026 searches for real assets, real estate and private credit managers.
The plan also disclosed $30 million in second quarter alternatives commitments at this week’s board meeting.
The pension plan also made a follow-on infrastructure commitment.