Credit/Private Debt
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The plan also hired two credit managers in the fourth quarter.
The pension fund approved a pair of commitments that are in line with the pacing plan for 2026.
The plan also disclosed $250 million in commitments at today’s meeting.
The plan is seeking private equity, private real estate, private credit, public markets and compliance reporting consulting services.
The plan made two private markets commitments following closed session deliberations.
The retirement association’s private credit portfolio stood at 6.4% against an 8% target as of Dec. 31.
The retirement fund disclosed seven commitments totaling roughly $1.4 billion in December.
The fund and its general investment consultant will consider segmenting the fixed-income allocation into core investment grade and return-seeking credit.
The retirement system made five commitments totaling roughly $218 million last week.