Real Assets
The $80 million committed to non-core infrastructure funds at today’s meeting conclude the retirement fund’s pacing plan for 2024.
The plan will look to hire five firms after launching a search in January.
The plan will commit a total of $1.2 billion to the asset classes next year.
The plan reduced its international small-cap equity portfolio to two managers from three at last week’s board meeting.
The plan placed an emerging markets equity manager on watch for performance reasons.
The plan also disclosed several alternatives commitments approved at a board meeting today.
The plan located in our nation’s capital approved a search for active international equity managers.
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.
The plan disclosed new private commitments made in recent months.
The asset classes were recommended by the OPEB trust’s new general investment consultant.