He will select the most attractive risk-adjusted real estate strategies globally.
Plan made several real estate, private equity and credit commitments in recent months.
The plan expects to issue an RFP for real estate managers this year or early next year.
The plan added three commitments yesterday.
A fund in the South revised the target asset allocation for its portfolio in April, increasing its targets to infrastructure at the expense of energy investments.
Plan will add three commitments across credit and real estate following review at today’s state investment council meeting.
The plan made commitments to three funds following closed session interviews.
The transaction is expected to close in the fourth quarter.
The plan will interview a private equity manager in November as it looks to complete its 2021 pacing plan for the asset class.
The plan made several commitments totaling more than $500 million.