Real Estate
The retirement fund made commitments totaling $2.7 billion in August.
The fund has allocated nearly 70% of its total equity across 70 assets that span seven alternative sectors.
The commitments include first time investments with three managers.
The plan also made a real estate co-investment with the manager earlier this year.
The plan’s consulting contracts are slated to expire in the first quarter of 2025.
The plan made the decision in closed session of its August board meeting.
The plan also named finalists in its non-core real estate and private credit searches.
The upcoming search complies with standard state procurement laws.
The firm has updated its investing leadership structure, forming a globally-focused investment management leadership team, in preparation for its next phase of growth.
The plan committed to three non-core real estate funds last week.
