Credit/Private Debt
The plan also terminated a bank loan manager at its March board meeting.
The pension plan approved a credit commitment with an existing manager relationship last month.
The plan awarded more than $3 billion to international equity and credit managers.
The pension plan liquidated its approximately $1.9 billion global equity mandate and made commitments totaling $1.6 billion in March.
The commitments include a new manager relationship for the plan.
The retirement system opted to pursue entering a contract with a new private debt fund after failing to come to an agreement with a previous selection.
The firm closed its latest flagship private market fund with nearly $4 billion in commitments from nonprofits and other institutional investors globally.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.
The pension fund committed to private credit and private equity buyout funds.
The pair of commitments are subject to approval from the full board later this month.