Real Estate
The plan last conducted a similar search in 2020.
The retirement system also increased its fixed-income target at the expense of real estate.
The plan’s private markets portfolio accounts for more than half of its total assets.
The retirement system’s cio disclosed recent staff-delegated alternatives commitments totaling $110 million.
The trust will also consider a core-plus real estate manager in May.
The pension plan made $851.7 million in total private equity/current return commitments and $288 million in total real estate commitments in the fourth quarter.
The plan will also consider a $30 million re-up commitment with a real estate manager.
The retirement system will also see its executive director resign on Friday after less than a year in the role.
The search is due to the impending contract expiration of its incumbent.
The fund approved 2025 pacing plans across private equity, private credit and private real assets last month.