Real Estate
The plan is also working to narrow its infrastructure manager search.
The plan will add three value managers to its international equity portfolio.
The plan hired an infrastructure manager and committed $1.5 billion in the second quarter.
The search is for North American value-add and opportunistic real estate funds.
The plan hired a new global equity manager to handle a $500 million mandate and added 13 other commitments last month.
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.