Rhode Island Targeting $510M to Alts in 2024
Written by: Helen Bascom, Marketing Associate
The Rhode Island State Pension reviewed their 2024 commitment pacing plans for private equity, private credit, real assets, and real estate during their March 27th Board meeting.
In a presentation from investment consultant Cliffwater, the pacing plan is targeting $240 million to private equity, $75 million to private real assets, and $75 million to private credit.
Meketa presented on the private real estate commitment pacing plan. $25 million is anticipated for core real estate commitments, while an additional $95 million is targeted to non-core real estate.
As of February 2024, the $11 billion pension fund allocates approximately 16.5% to private equity, 3.14% to private credit, 3.33% to core real estate, 2.24% to non-core real estate, and 3.9% to private real assets.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
