Real Estate
The plan added the firm to complement its existing domestic small- to mid-cap core equity manager.
The plan interviewed three managers at its meeting earlier this month.
Kayne Anderson Real Estate Opportunistic Debt II Closes with approximately $1.7 billion in capital commitments.
The plan also funded a new internally managed enhanced index fund.
The retirement system is conducting its first real estate search in over 10 years.
The firm will manage an initial $150 million allocation for the fund.
A trust fund based in a Western state has approved the addition of a private equity fund-of-one, a real estate strategy and a custom, multi-asset alternative mandate to its portfolio.
The commitments include three new manager relationships for the pension plan.
The retirement system hired two firms to manage its 51% private markets portfolio.
The retirement plan hired several managers to move toward its new asset allocation policy.