The Boston Retirement System has approved the 2024 private markets pacing plan, as disclosed in meeting minutes from the January 17th board meeting.
Investment Consultant, NEPC, recommended committing $30 million to private equity. $60 million is recommended for private debt. An additional $75 million was approved for real estate.
NEPC has increased the recommended commitment amounts for future years due to the increase in the Retirement System’s total assets.
Also disclosed in a 2024 Work Plan for the $6 billion Retirement System, an International Small Cap Search is scheduled to be issued in March of 2024.
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