Real Estate
The retirement association selected a firm to split its 6% allocation to liquid credit at today’s board meeting.
The search is open to real estate debt and opportunistic strategies.
The state pension fund is considering a private markets emerging manager program and will issue an RFI as it looks to gather further insight into the process.
The retirement system also recently hired a new international growth equity manager.
The retirement system approved real estate and real assets commitments at a board meeting last week.
The real estate private equity arm of Kayne Anderson Capital Advisors closed its largest opportunistic equity fund to date.
The retirement system expects to conduct finalist presentations at its Nov. 12 investment committee meeting.
The retirement system’s sole REIT manager handles $17 million.
The deferred compensation plan will vote to hire a new REIT manager at its June meeting.
The pension system added up to $175 million in new commitments in April.
