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The plan approved a strategic real estate plan that calls for dropping its core portfolio to 5 managers from 11 over time.
The search is open to core and value-add real estate strategies.
The commitments were recommended in closed session of yesterday’s board meeting.
The plan’s private equity committee received two investment recommendations earlier this month and approved two commitments in February.
HPC’s passive minority investment will help L Catterton develop new strategies.
The plan’s investment committee hired an emerging markets core equity manager and approved two credit commitments last week.
The firm exceeded its $3 billion target for the fund.
Plan adds deputy cio for operations from its legal team.
The authority rehired its incumbent investment advisor at a meeting this month.
Investors in the fund include the New York State Common Retirement Fund.