Real Assets
The retirement system hired two firms to manage its 51% private markets portfolio.
The plan’s current real assets consultant will see its contract expire this year.
The retirement fund is scheduled to hear proposed real estate and infrastructure pacing plans at next week’s investment committee meeting.
The board hired an infrastructure manager and adopted a new asset allocation policy in April.
The retirement system adjusted its target asset allocation to optimize its real assets allocation at a March meeting.
The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.
The retirement plan interviewed the firm in closed session at today’s board meeting.
The retirement system approved infrastructure and private credit commitments at a meeting today.
The upcoming search stems from a new domestic equity structure approved today.
The plan also received a trustee request for a competitive bid process for investment consulting services.