Credit/Private Debt
The firm announced the first close for its latest alternative credit investment strategy exceeding $1 billion in new capital commitments.
The two international equity managers were placed on watch for performance reasons.
The plan disclosed more than $250 million in private markets commitments made in recent months.
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.