Credit/Private Debt
The retirement fund authorized commitments totaling $305 million, including one new relationship.
The six firms will handle aggregate assets of $1 billion.
The commitment satisfies the retirement systems’ 2026 pacing plan for private markets.
The pension fund’s consultant will conduct onsite visits with six evergreen private credit managers in the coming months.
The plan also recently concluded a liquid credit manager search.
The real estate commitment represents a new relationship for the plan.
The retirement association also recently committed $205 million across six new funds.
The plan also made a private credit commitment at today’s board meeting.
The pension fund approved the search at last week’s board meeting.
The retirement system also disclosed several private markets commitments.
