Real Estate
The pension plan disclosed commitments totaling $1.5 billion in the fourth quarter.
The plan had previously approved the hire of the firm, which experienced a personnel change afterwards and needed additional due diligence.
The plan also received a private markets pacing plan at its board meeting today.
The fund will consider approving a recommendation from its investment consultant to allow an existing investment manager discretion to toggle between two different classes of stock.
The retirement association made 13 commitments totaling more than $900 million.
The retirement system also considered approving a 2026 private markets pacing plan last week.
The retirement plan approved a new long-term asset allocation policy and 2026 private markets pacing plan in the fourth quarter.
The retirement system currently has two core real estate investments.
The plan will receive pacing recommendations across private equity, non-core real estate and private credit next week.
The retirement system added a non-core real estate commitment last quarter following a search report from its consultant.