Alaska State Pension Investment Board, Juneau, extended real estate consultant Townsends contract by nine months, to March 31, 2004, said Judy Hall, liaison officer. The fund will seek bids for the contract when it expires. The $11 billion system also parked a $196 million core real estate portfolio, previously run by PMRealty Advisors, with existing manager UBS Realty while it searches for a new manager.
Separately, the system plans to make nearly $200 million in new private equity commitments for the fiscal year starting July 1. Existing managers Abbott Capital and Pathway Capital plan to commit $75 million and $120 million, respectively, to new deals on behalf of the fund.