Real Assets
The plan made private equity and infrastructure commitments this month and will consider a 2022 private markets pacing plan this week.
The integreation bolsters BNPP AM’s private debt and real assets investment division.
The managing director for real assets will oversee its portfolio, which includes natural resources and real estate, after serving as co-head of real assets at a global investment company.
The plan approved two private equity commitments and was notified of a re-up commitment in closed session at last week’s board meeting.
The search will be conducted this year as part of a real estate structure review, which was approved at the meeting.
Plan is looking to fill a new $700 million allocation to global credit and conduct due diligence on its passive investment managers.
The plan will issue RFPs this quarter after canceling previous search due to COVID.
A Virginia-based pension plan added commitments with new and existing managers in September and made several changes to its fund lineup over the past fiscal year.
Plan hired the private markets team at its general investment consultant to consult on its private equity and opportunistic real estate portfolios.
The team will join a new segment of Ares dedicated to real assets.