Real Estate
The plan interviewed three managers at its meeting earlier this month.
Kayne Anderson Real Estate Opportunistic Debt II Closes with approximately $1.7 billion in capital commitments.
The plan also funded a new internally managed enhanced index fund.
The retirement system is conducting its first real estate search in over 10 years.
The firm will manage an initial $150 million allocation for the fund.
A trust fund based in a Western state has approved the addition of a private equity fund-of-one, a real estate strategy and a custom, multi-asset alternative mandate to its portfolio.
The commitments include three new manager relationships for the pension plan.
The retirement system hired two firms to manage its 51% private markets portfolio.
The retirement plan hired several managers to move toward its new asset allocation policy.
The retirement fund is scheduled to hear proposed real estate and infrastructure pacing plans at next week’s investment committee meeting.
