Credit/Private Debt
Plan staff will conduct on-site visits with six private debt firms next month.
The agency selected a West Coast-based nonprofit to build and implement a green energy fund following an RFP process from the start of the year.
The commitments include a $300 million commitment to a separately managed account focused on private credit emerging managers.
The pension plan considered approving a $20 million credit commitment today.
The pension plan’s investment committee approved four commitments totaling $275 million last week.
The pension plan made $512.9 million in total private equity commitments and $90 million in total real estate commitments in the second quarter.
The fund is seeking a single platform to handle a minimum 3% allocation following search approval at today’s board meeting.
The plan added $10 million to senior direct lending across two commitments last month after making two similar commitments one month earlier.
The plan disclosed recent private equity, private credit and real estate commitments.
The RFPs are a result of a new asset allocation approved in May.