The fund exceeded its fundraising target.
The retirement system committed to three existing manager relationships in the past two weeks.
The commitment marks the retirement system’s third to the space in recent months.
The plan recently made four private markets commitments totaling $325 million.
The fund will also review a high-yield fixed-income manager search request from staff at its June 13 board meeting.
The fund has exceeded its initial target of €2 ($2.2) billion.
The fund has hired a senior investment officer focused on private credit to help its team identify and evaluate potential investment opportunities as well as develop due diligence plans for potential investments.
The fund will review the asset allocation for its trust fund portfolio this summer after last approving a new asset allocation in July 2023.
The fund fulfilled a $100 million pacing plan for private credit this year with two direct lending commitments at a board meeting last month.
The plan is searching for a credit or equity-focused maritime shipping fund.