Real Estate
The retirement plan will hear from six total firms across core and core-plus strategies in the coming months.
The retirement plan was notified of five commitments totaling roughly $1 billion last week.
The pension plan recently made commitments totaling $945 million and terminated a domestic small-cap growth equity manager.
The pension plan also hired a manager to handle a customized treasury mandate.
The plan interviewed three core real estate managers in June to replace an incumbent manager.
The commitments total more than $700 million.
Institutional and individual investors are continuing to embrace private markets strategies in search of diversification and higher returns amid ongoing market volatility and geopolitical uncertainty, according to a new report.
The new domestic small- to mid-cap core equity allocation will complement the retirement system’s existing small-cap manager.
The investment division has awarded a contract in its real estate consulting services search launched in January.
The plan totaled nearly $690 million in commitments across its private equity and real assets portfolios last week.