Credit/Private Debt
The plan also disclosed two staff-delegated investments at a meeting yesterday.
The hire concludes an RFP search launched as part of an investment consultant strategy in March.
The pension plan approved three commitments totaling $175 million and a private credit pacing plan this week.
The pension plan committed up to $30 million to an existing manager relationship.
The fund is currently searching for opportunistic credit managers for its portfolio after consolidating its public credit portfolio into a passive U.S. aggregate bond index in the first quarter.
The search is being conducted as part of a previously approved investment consultant strategy.
The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.
The plan disclosed recent private equity, credit and real estate commitments.
The asset class would be new for the two plans.
The pension plan has selected one firm to provide hedge fund, credit and real assets consulting services.
