Plan added $9 million in non-core real estate commitments at this week’s board meeting.
Plan is seeking a core-plus real estate manager to handle a $20 million allocation for standard due diligence purposes.
A Mid-Atlantic plan disclosed six recent commitments at today’s board meeting.
The plan is looking to invest $20 million in the asset class.
The plan will dole out $660 million in total to small-cap and micro-cap equity managers.
The plan hired new domestic large-cap equity managers and retained two incumbents global bond managers.
Plan moved a domestic small- to mid-cap equity mandate to a passive account and added a real estate commitment.
She will work to expand the New York-based firm’s sales coverage across a variety of asset allocators throughout the U.S.
The plan will look to invest in two real estate funds to bring its allocation back up to 5%.
The current cio is retiring at year-end.