Credit/Private Debt
The plan is in the process of identifying a replacement manager for the roughly $80 million mandate.
The plan also placed two investment managers on watch last month.
The plan made two private debt commitments last quarter totaling $50 million.
The direct lending and private credit advisory firm will return to a separate and independently owned company.
The pension plan will consider approving one credit and three real estate commitments totaling $180 million at its Jan. 9 investment committee meeting.
The plan hired one international equity manager and terminated three others at this week’s board meeting.
The plan made two commitments totaling $315 million today.
The retirement fund disclosed commitments totaling $850 million in October.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The plan also named finalists in its private markets consultant search.