Real Estate
The pension plan liquidated its approximately $1.9 billion international equity mandate and made commitments totaling $108 million in April.
The firm invested $100 million in the fund, which looks to build resilience among communities in the U.S. through access to safe and quality affordable housing.
The plan made $650 million in total private markets commitments during the first quarter.
The search, initially launched in 2022, has been on hold amid board changes.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
The pension plan received a recommendation to hire a real estate manager last month.
The commitments were made in closed session at this week’s board meeting.
The plan made three credit-focused commitments with existing manager relationships.
The search is open to equity or debt-related real estate strategies.
The search is for one or more domestic public long-only managers.
