Credit/Private Debt
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.
The retirement association selected a firm to split its 6% allocation to liquid credit at today’s board meeting.
Crescent Direct Lending Fund IV raised $10.8 billion in investable capital.
The pension plan considered establishing a 5% target to either private equity or private credit last month.
The retirement fund will interview four funds in its private debt manager search tomorrow.
