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.
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