Real Estate
The plan will discuss the options for reallocating the proceeds at a future board meeting.
The pension plan will consider several alternatives commitments at its board meeting next week.
The pension plan is seeking value-add real estate managers to handle up to $12 million.
The retirement system approved three real estate commitments totaling $45 million this week.
The retirement association was notified of credit, private equity and real estate commitments last week.
The state retirement systems expanded upon an existing real estate manager relationship to establish a new separate account.
The trust will commit $100 million in total this year.
The retirement system terminated its sole public diversified real assets manager last month.
The pension fund’s investment consultant has downgraded the manager amid management changes.
The university added private equity, real estate, opportunistic credit and private energy strategies with new and existing managers within its endowment in fiscal year 2025.