Credit/Private Debt
The plan considered five total direct lending strategies before making a commitment in February.
The retirement system will interview two sets of finalists next month.
The pension fund is scheduled to review a draft RFP at next Thursday’s board meeting.
The state fund has committed to a new private credit manager relationship.
The retirement system previously did not have consultant coverage for private equity, private debt and private infrastructure.
The selections conclude RFPs issued by the commonwealth in early 2024.
The plan added $55 million in commitments across private credit and private equity in the first quarter.
The retirement system disclosed $100 million in alternatives commitments finalized last month.
The plan is looking to invest $50 million in the selected strategy.
The pension plan made an up to $50 million private credit commitment last week.