Real Estate
The plan approved a real estate commitment at a meeting last month, completing its annual pacing for the asset class.
The plan last conducted a similar search in 2014, which resulted in the hire of its two incumbents.
The plan committed $10 million to an existing real estate manager last month.
The plan also disclosed private equity, real estate and strategic investments from the third quarter.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The system approved the commitment with an existing manager to continue to diversify the portfolio and realign to its asset allocation targets.
The plan will consider committing to an existing opportunistic real estate manager at today’s board meeting.
Pacing plan is set for private equity, real assets, real estate and direct lending for 2023.
The plan terminated an approximately $799 million emerging markets equity mandate and made commitments with four existing managers and one new manager in September.
The plan disclosed an additional investment and two terminations at Friday’s meeting and recently saw the departure of its deputy cio.