Real Estate
The plan made two commitments within its real estate portfolio and one commitment within its private credit and income portfolio last week.
Hire will expand the company’s product offerings to include vehicles for real estate equity investments.
Plan diversified its real estate portfolio with two commitments last month.
Plan will begin addressing high-level considerations and formulating plans to begin redeploying assets in private markets investments after halting new commitments since 2016.
The plan will seek a core fixed-income manager next year and recently terminated a REIT manager to fund a new private real estate mandate.
Plan added a direct real estate investment and a REIT investment to fill out a new 5% allocation to the asset class.
He will spearhead portfolio management for Pretium’s single-family rental fund strategy.
The fund will focus on acquiring studio and media assets.
The fund acquires and improves institutional quality assets in historically attractive sectors such as multifamily and industrial.
The plan terminated a $475 million emerging markets value equity mandate in May and approved private markets commitments totaling $170 million in June.