Credit/Private Debt
The hires follow an RFI issued last month for managers to handle more than $1 billion.
ACORE Opportunistic Credit II closed with more than $1 billion in commitments.
The retirement system also liquidated its domestic small- to mid-cap value equity mandate last month.
The plan made six commitments totaling more than $900 million.
The plan also approved several new private markets commitments at a board meeting last week.
The plan is slated to interview four finalists in its real estate debt manager search next week.
The pension fund approved up to $650 million in new private markets commitments at a meeting today.
The retirement system will interview six managers at a special board meeting next month.
The retirement system is conducting the search to “assess the feasibility” of establishing a private markets emerging manager program.
The pension system also discussed a potential private equity pacing plan that calls for $80 million to $90 million per year to reach its 11% target.
