Credit/Private Debt
The retirement system is looking to invest in the asset class for the first time.
The plan interviewed a total of six strategies last week.
The pension fund’s board approved up to $550 million across two commitments at a meeting today.
The retirement system will split a mandate between two firms following finalist interviews held this week.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
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.
