Real Estate
The pension fund committed $24 million across new real estate manager relationships last month.
The plans adopted the new asset allocation following an asset study by their general investment consultant.
The acquisition will accelerate EQT Real Estate’s evolution into a thematically diversified platform.
The pension system also discussed a potential private equity pacing plan that calls for $80 million to $90 million per year to reach its 11% target.
The plan also terminated an international large-cap growth equity manager.
The retirement association will also consider rehiring its general investment consultant this week.
The firm is acquiring a majority ownership stake in a U.S single-family residential credit investment manager in a deal that is expected to close in the first quarter.
The retirement system closed on more than $500 million in commitments last month.
The plan added three new contracts and retained others for investment consulting services.
The retirement association disclosed $60 million in private markets commitments following closed session deliberations.
