Real Estate
The retirement system added a value-add real estate commitment in February that marks the third in a row with the manager.
The pension recently added a sustainability-focused public equity manager alongside private equity and real estate commitments.
The plan is looking to invest with two open-end core real estate managers.
The plan also disclosed two recent private markets commitments.
The retirement fund had been expected to post the RFP today.
The search will not include the plan’s two incumbent firms.
The plan terminated an international equity manager that saw a personnel departure last year.
The redemptions stem from qualitative issues within the firm’s investment team.
The pension plan first issued an RFP seeking one or two separate account managers to establish emerging manager programs for real assets and real estate in January 2023.
The plan is seeking managers to handle a total of $135 million.
