Credit/Private Debt
The retirement system will also see its executive director retire on June 30.
Mavik Real Estate Special Opportunities VS2 closed with $685 million in total commitments.
The pension fund terminated a pair of underperforming international equity managers last month.
The retirement system committed to the third fund in a series with an existing fund manager.
The plan has lined up 2026 searches for real assets, real estate and private credit managers.
The plan also disclosed $30 million in second quarter alternatives commitments at this week’s board meeting.
The fund exceeded the firm’s original target by nearly 40% and doubled the predecessor vehicle’s fundraise.
The pension plan disclosed more than $500 million in private markets commitments made in recent months.
The retirement system selected three absolute return managers and two real estate managers for possible inclusion within its investment lineup last week.
The retirement system hired five managers as part of a newly approved asset allocation yesterday.