Credit/Private Debt
The pension plan made $665 million in total private equity/current return and real estate commitments in the second quarter.
The firm has raised $5.6 billion for KKR Asset-Based Finance Partners II.
A global asset manager has closed its third fund providing loans to commercial properties for projects improving energy efficiency or environmental resiliency.
The retirement fund disclosed nine commitments totaling $1.2 billion in May.
The fund received a total of six bids in its private markets consultant search.
The pension and retirement system is nearing completion of its credit manager search for a $100 million mandate.
The pension plans had been expected to move a portion of a previously terminated U.S. all-cap value equity mandate to the new small-cap value manager.
The retirement system also made two credit opportunities commitments last month.
The global alternatives investment firm will acquire the U.S. private credit manager, which as $3 billion in assets under management.
The plan will move at least a portion of its roughly $57.4 million domestic small-cap core equity mandate to a passive option while it considers the role of the asset class as part of a broader public equity review.