Real Estate
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
The pension plan received a recommendation to hire a real estate manager last month.
The commitments were made in closed session at this week’s board meeting.
The plan made three credit-focused commitments with existing manager relationships.
The search is open to equity or debt-related real estate strategies.
The search is for one or more domestic public long-only managers.
The plan will conduct a private debt search focusing on European special situations strategies and made two commitments totaling $50 million this week.
The RFP will be issued on the plan’s website “shortly.”
The pension plan updated its asset allocation policy for fiscal year 2025 and beyond after receiving an asset allocation review this week.
The plan has issued RFPs seeking core infrastructure and core real estate funds.