The $4.8 billion Indiana State Teachers’ Retirement Fund (TRF) has issued RFIs for a value-added real estate commingled fund manager and for a real estate core commingled fund manager. Each portfolio will be between $70 and $80 million. Robert Newland, CIO with the plan, explained that the searches are the result of new asset allocation that the TRF is in the midst of implementing. He said that searches in private equity, small- to smid-cap, and real estate are ongoing, adding that more searches are likely to occur as the year goes on. He declined to specify potential asset classes, however.
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