Extensive and timely coverage of the institutional industry.
The plan replaced two domestic large-cap managers and consolidated its small-cap portfolio into a small- to mid-cap core allocation.
The commission issued a similar RFP in 2018 as part of a periodic review.
The plan will commit $160 million total to infrastructure through 2029.
The firm had a first close of its inaugural private credit strategy.
The pension fund hired its second infrastructure manager in June after hiring its inaugural manager for the asset class last year.
The plan rehired its incumbent in 2020 after conducting a similar search.
The plan also recently concluded a liquid credit manager search.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The plan made two commitments for pacing purposes at today’s board meeting.
The pension fund approved up to $500 million in private markets commitments at a meeting today.