Real Estate
The pension plan eliminated its floating rate bonds target as part of a newly approved asset allocation last month.
The pension fund approved the search for one or two managers last week.
The plan will seek one or two managers to handle a total commitment of $450 million.
The pension trust is targeting the RFP’s release for early summer.
The pension fund is seeking open-end core and core-plus real estate managers to handle a total of $33 million.
The plan approved recommendations to add new international bond, real estate and high-yield bond funds as underlying investment options during a February board meeting.
The retirement fund disclosed $53 million in recent staff-led commitments.
The latest multifamily real estate value creation fund closed with $1.35 billion in capital commitments.
The trust added targets of 3% each to listed infrastructure and listed REITs in the fourth quarter.
The strategies have each deployed or identified approximately $1.1 billion of initial investments to date.