Credit/Private Debt
The pension plan made three commitments totaling $187.5 million last week.
The plan has now hired a total of 12 new international equity managers this year.
The retirement system will shift planned searches for bank loan and high-yield managers into a single search for multi-asset credit managers.
The plan could allocate up to $500 million to U.S. or global long-only strategies.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The fund will consider committing additional capital to two new managers within its endowment at its February board meeting.
The fund makes opportunistic investments in senior loans and real estate securities in the U.S. and Western Europe.
The plan also received a private markets pacing plan in January.
The pension plan will be looking to fill a new 4% target to the sub-asset class.
Invesco Direct Lending Fund II closed alongside similar vehicles with a total of $1.4 billion of investable capital.