Real Estate
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.
The retirement association will issue a real estate consultant RFP this quarter due to the upcoming contract expiration of its incumbent.
The retirement fund also hired a new domestic small-cap value equity manager this week.
The retirement fund approved increases across private equity, private credit, private value-add real estate, MLPs and marketable alternatives this week.
The plan made $350 million in commitments for pacing purposes.
The retirement system also recently made commitments totaling $585 million.
The fund approved a recommendation from its general investment consultant to allow an existing real estate manager discretion to toggle between two different classes of stock to improve its return profile.