Credit/Private Debt
The pension plan made $460.6 million in total private equity/current return commitments in the first quarter.
The commitments were made across private equity, credit and real assets totaled $725 million.
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.
The retirement system is seeking direct/niche lending and credit opportunities funds.
The plan is looking to invest $100 million in a liquid credit strategy.
The retirement system committed to three existing manager relationships in the past two weeks.
The commitment marks the retirement system’s third to the space in recent months.
The plan recently made four private markets commitments totaling $325 million.
The fund will also review a high-yield fixed-income manager search request from staff at its June 13 board meeting.