Real Estate
Plan will review non-core real estate and private equity search reports provided by general investment consultant AndCo Consulting next month.
The plan will revisit discussions regarding a potential $15 million real estate commitment at a future board meeting.
The plan initiated a search for a private equity emerging manager to fill a commitment capped at $10 million and completed a core real estate search this week.
The search is open to core and core-plus real estate managers.
The city’s three pension plans added a second core real estate manager in May.
The commitments to the two managers totaled $200 million.
The university will consider a real estate commitment with a new firm after disclosing follow-on commitments to existing venture capital, private equity and real estate fund managers.
Plan added $250 million in new commitments across the second quarter.
The board terminated three managers to “harmonize” the equity portfolios between its plans.
The plan is considering two private markets managers for its emerging manager program.