Credit/Private Debt
The pension fund’s board approved up to $550 million across two commitments at a meeting today.
The retirement system will split a mandate between two firms following finalist interviews held this week.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The investment consulting firm highlighted several areas of interest within the private debt universe for its clients during this week’s webinar.
The plan is seeking private equity and private credit strategies for a projected mandate of $20 million to $25 million.
The pension plan also maintained the fiscal year 2027 asset allocation policy for three of its systems this week.
The state pension fund approved the hire at today’s board meeting, expanding its existing agreement with its alternatives investment consultant.
The fund is targeting $1.25 billion in total commitments, with a final close expected within 12 months of its first close on June 8.
The pension plan disclosed $575 million in private equity and private credit commitments at yesterday’s board meeting.
