Real Estate
The pacing plan and target allocation changes were recommended as part of an annual real estate program review.
The pension plan added commitments in real estate, private credit and private equity in recent months.
The plan disclosed four total commitments made last month.
The plan also made a direct lending commitment in the fourth quarter.
The retirement system terminated its domestic core real estate manager after being informed of its underperformance and personnel changes in December.
Retirement system is seeking a pool of managers to provide the services.
The firm has added three senior-level members to its real estate platform.
The commitments include four new managers for the plan.
The pension plan approved four commitments totaling $110 million and 2024 real estate and real assets pacing plans yesterday.
The pension plan made 14 commitments across its private equity and real estate portfolios in the fourth quarter.
