Credit/Private Debt
The pension fund hired two firms to split a 6% allocation.
The plan also added a new 6% target to private credit.
The plan also disclosed two private markets commitments.
The retirement association is seeking a firm to review and evaluate its discretionary private credit and private equity portfolios.
The retirement system also hired three firms in its diversifying strategies manager searches yesterday.
The university reduced its stake in the credit platform of an alternatives investment manager as investors are becoming concerned with redemption requests and gating withdrawals.
The firm will manage separate mandates for the city’s pension plan and OPEB Trust.
The retirement system made five private markets commitments totaling $160 million last year.
The commitments include two new relationships for the plan.
The retirement system will also consider hiring managers in its diversifying strategies manager searches this week.
