Credit/Private Debt
The fund has raised $685 million for its second fund, which will continue to execute a asset-based private credit strategy that focuses on providing bespoke, founder-friendly financing solutions to high-growth tech-enabled companies.
The retirement board also hired a new private equity advisor at its investment committee meeting today.
The retirement fund has disclosed $215 million in recent alternatives commitments.
The firm has raised $1.86 billion for its fifth royalty and credit opportunities fund.
The retirement system may commit up to two firms for a total of $14 million.
The pension plan made $665 million in total private equity/current return and real estate commitments in the second quarter.
The firm has raised $5.6 billion for KKR Asset-Based Finance Partners II.
A global asset manager has closed its third fund providing loans to commercial properties for projects improving energy efficiency or environmental resiliency.
The retirement fund disclosed nine commitments totaling $1.2 billion in May.
The fund received a total of six bids in its private markets consultant search.
