Credit/Private Debt
The plan’s private markets portfolio accounts for more than half of its total assets.
The retirement system’s cio disclosed recent staff-delegated alternatives commitments totaling $110 million.
The pension plan recently made $1.5 billion in total commitments and terminated two existing managers.
The pension plan made $851.7 million in total private equity/current return commitments and $288 million in total real estate commitments in the fourth quarter.
The plan will also consider a $30 million re-up commitment with a real estate manager.
The fund will look to commit more than $300 million across private equity and private credit this year as part of the pacing plan to reach its target allocations by the end of the decade.
The retirement system will also see its executive director resign on Friday after less than a year in the role.
The plan expects to add eight additional non-U.S. equity managers over the next two months.
The retirement system added $150 million to an existing relationship this month.
The search is due to the impending contract expiration of its incumbent.