Real Estate
The deputy portfolio manager will depart the firm at the end of this month.
The retirement system also made a value-add real estate commitment last week.
The newly hired firm will provide private credit, private equity, real estate and infrastructure consulting services.
The retirement plan will hear from six total firms across core and core-plus strategies in the coming months.
The retirement plan was notified of five commitments totaling roughly $1 billion last week.
The pension plan recently made commitments totaling $945 million and terminated a domestic small-cap growth equity manager.
The pension plan also hired a manager to handle a customized treasury mandate.
The plan interviewed three core real estate managers in June to replace an incumbent manager.
The commitments total more than $700 million.
Institutional and individual investors are continuing to embrace private markets strategies in search of diversification and higher returns amid ongoing market volatility and geopolitical uncertainty, according to a new report.