Officials expect the space to return 8%-10%, outperform commercial real estate by 200 basis points.
The firms said they would incorporate ESG factors into the investment process.
The latest commitments are part of efforts by the system’s investment staff to maintain a large percentage of plan assets in private markets.
What’s working now and how to take advantage of what isn’t.
Organization’s head of agriculture and real assets explains what drove the fund to the space.
Being ‘overweight’ in hotels helped real estate outperform other asset classes in $69 billion portfolio.
Move comes during a regional boom for new tech firms.