Credit/Private Debt
The pension system approved $245 million in private markets commitments over the second half of 2025.
The system approved revising the asset allocations for its endowment and liquidity pools after reviewing the allocation strategies for both pools in recent months.
The plan will target $600 million to private credit this year.
The retirement system also recently made commitments totaling $585 million.
The plan added $45 million in private markets commitments in January and December.
The retirement system committed to an existing private debt manager relationship in the third quarter.
The firms have created a separately managed account that allows financial advisors to allocate to private equity, private credit and real assets.
The pension plan disclosed commitments totaling $1.5 billion in the fourth quarter.
The pension plan committed up to $65 million total to private credit and private markets managers yesterday.
The plan also received a private markets pacing plan at its board meeting today.