Real Estate
The plan is looking to commit a total of $50 million to multiple funds focused exclusively on residential real estate.
The plan also appears to have reissued its private markets consultant RFP.
The plan also placed its core fixed-income manager on watch in recent months.
The retirement fund also adopted a new long-term strategic asset allocation.
The retirement system previously extended its contract with incumbent Segal Marco Advisors for one year in October 2023.
The retirement fund made commitments totaling $2.7 billion in August.
The fund has allocated nearly 70% of its total equity across 70 assets that span seven alternative sectors.
The commitments include first time investments with three managers.
The plan also made a real estate co-investment with the manager earlier this year.
The plan’s consulting contracts are slated to expire in the first quarter of 2025.