Real Estate
The plan was slated to hire replacements for two incumbent core real estate managers last week.
The retirement fund disclosed nine commitments totaling $1.2 billion in May.
The retirement system voted to commit to an additional core real estate manager to diversify its allocation.
The university is seeking a real estate associate to help find, diligence and manage investments across strategies that include multifamily, industrial, office and digital infrastructure.
The pension plan approved two commitments to private equity and real estate at a meeting today.
The university is seeking a director of investments, real estate and real assets to lead research and preparation of proposed strategy considerations within the asset classes.
The plan is looking to invest $200 million with multiple investment managers.
The retirement system added direct lending and core real estate commitments at today’s board meeting.
The retirement system will also consider adding a complementary real estate manager at a meeting this week.
The college will receive a real estate portfolio to be directed to its endowment campaign to grow the portfolio to $1 billion.