Solidarietà Veneto’s private market experience helped build confidence in beefing up alts exposure.
Officials expect the space to return 8%-10%, outperform commercial real estate by 200 basis points.
Being ‘overweight’ in hotels helped real estate outperform other asset classes in $69 billion portfolio.
Adds $100 million to the $250 million commitment it made in 2018.
Nation lays out investment blueprints to hedge against slowing economy.
The majority were in renewable energy, and two were the largest deals in the space to date.
Pension officials hope more flexibility to invest in international infrastructure projects in developed countries will give the program more diversification and help results.