Credit/Private Debt
The fundraise increases total private credit strategy assets to $15 billion.
The plan approved $350 million in commitments with GPs at a meeting last week.
The fund approved the addition of a new opportunistic strategy within its portfolio during its April board meeting as recommended by staff and its general investment consultant.
The retirement fund disclosed $53 million in recent staff-led commitments.
Blackstone Capital Opportunities Fund V closed with over $10 billion of investable capital.
The retirement system also approved two private equity commitments today.
The firm interviewed two finalists at yesterday’s board meeting.
The retirement fund disclosed commitments totaling $2.3 billion in the first quarter.
The search is open to credit opportunities, distressed debt and direct lending strategies.
The retirement plan eliminated its floating rate bonds target allocation as part of a newly adopted policy last month.