Credit/Private Debt
The pension plan hired a private debt manager and a private equity fund-of-funds manager to each handle 2% allocations in February.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.
The commitment was made in accordance with its pacing plan for the asset class.
The pension plan will conduct an invitation to bid to fill its 25% public real return allocation.
The plan is seeking a firm to advise on future private credit investments proceed to make investments.
The plan will also receive presentations for potential real estate and private credit commitments at its next meeting.
The pension plan will aim to commit $3.1 billion total to private equity and opportunistic/diversified strategies in fiscal year 2025.
The plan rehired firms and made one new hire in its search launched last summer.
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
The plan also disclosed two staff-delegated investments at a meeting yesterday.
