Credit/Private Debt
The pension plan introduced a 2% target to real estate debt as part of a new asset allocation policy adopted last month.
A foundation based in the Mid-Atlantic region is looking to add a manager to help oversee its private market portfolios.
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The plan added a $60 million commitment to a new manager in May.
The pension plan’s new private credit manager will handle a $30 million allocation.
The increases are a result of a new asset allocation study.
The retirement system added $50 million to a direct lending partnership last week.
The plan has begun its search for private equity, private credit and real assets consultants.
Private credit’s increasing popularity makes for opportunity for investors as the alternatives market is expected to grow, according to a recent webinar.
The pension plan added a private credit commitment alongside private equity and real estate co-investments in July.