Credit/Private Debt
The retirement fund approved five total RFPs as part of private equity and private credit pacing plans in July.
The pension plan recently made two commitments totaling $548.9 million.
Both vehicles exceeded targets to expand the firm’s platform within the U.S. lower middle market.
The investment board’s current consultant will see its contract expire in June.
The pension system added $240 million across the real estate, infrastructure and private credit asst classes last month.
The plan terminated its incumbent direct lending manager in November.
The pension fund will interview four finalists apiece in respective private debt and data-center-focused real estate searches in the coming months.
The pension plan also made two private equity commitments totaling up to $80 million in June.
The plan is also considering adding risk mitigating strategies.
The pension plan also made two commitments at its real estate committee meeting in May.