Real Estate
The pension plan eliminated its 5% real estate target as part of a new asset allocation policy approved in the first quarter.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.
The commitments include two new manager relationships.
The plan will also receive presentations for potential real estate and private credit commitments at its next meeting.
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
The search is being conducted in accordance with state procurement requirements.
The plan also approved a new international equity structure and a real estate pacing plan at today’s board meeting.
The pension plan approved three commitments totaling $175 million and a private credit pacing plan this week.
The pension plan selected nine real assets equity managers for possible inclusion within its investment lineup today.
The plan disclosed recent private equity, credit and real estate commitments.