Real Estate
Plan hired an international value mandate to fill replace a manager terminated at the end of 2021.
The plan disclosed various private markets commitments at its board meeting last week.
The plan will interview two firms next month to handle nearly $200 million.
The plan disclosed various recent private markets commitments at its board meeting today.
The plans are looking to fill real estate and international equity mandates totaling $22.5 million.
The plan will also eliminate its long/short equity portfolio.
The plan committed $130 million total to four existing managers and one new manager in June.
The plan increased its private credit target and added a commitment within the non-core fixed-income portfolio yesterday.
The new directors will be responsible for development strategy and institutional investor relationship management, among other duties.
The plan is in the process of filling its 5% private credit target and conducting a real estate portfolio structure review.