Credit/Private Debt
The retirement system made $60 million in total commitments at a board meeting this week.
The fund added multi-asset credit and international equity investments alongside an infrastructure and real estate fund-of-one vehicle within its portfolio at a recent board meeting.
The plan added three new contracts and retained others for investment consulting services.
The plan is replacing the consultant following a review at last week’s board meeting.
The plan established a dedicated real assets target of up to 3%.
The retirement system added $860 million across three new commitments in May.
The retirement association disclosed $60 million in private markets commitments following closed session deliberations.
The plan also eliminated its target to TIPS as part of an overall asset allocation change.
The search will have a particular focus on European and global funds to increase the pension fund’s exposure outside of the U.S.
The plan approved credit and real assets commitments at today’s board meeting and will consider a private equity commitment next month.
