Credit/Private Debt
The fund is looking to put dry powder to work in the debt asset class to capitalize on recent volatility.
The fund closed with $400 million in capital commitments.
The global alternatives manager has successfully closed on over $19 billion in committed capital for its Global Direct Lending strategy.
The retirement system made seven private markets commitments totaling $35.6 million last month.
The pension system made its first traditional private equity buyout commitments in years at today’s board meeting.
The plan approved two private credit commitments for pacing purposes at its board meeting today.
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.
