Real Estate
The retirement association will issue a real estate consultant RFP this quarter due to the upcoming contract expiration of its incumbent.
The retirement fund also hired a new domestic small-cap value equity manager this week.
The retirement fund approved increases across private equity, private credit, private value-add real estate, MLPs and marketable alternatives this week.
The plan made $350 million in commitments for pacing purposes.
The retirement system also recently made commitments totaling $585 million.
The fund approved a recommendation from its general investment consultant to allow an existing real estate manager discretion to toggle between two different classes of stock to improve its return profile.
The RFI is seeking investment managers who invest in Ohio-based opportunities and is open to strategies across private equity, infrastructure, real estate, equity and bonds.
The pension plan disclosed commitments totaling $1.5 billion in the fourth quarter.
The plan had previously approved the hire of the firm, which experienced a personnel change afterwards and needed additional due diligence.
The plan also received a private markets pacing plan at its board meeting today.