Credit/Private Debt
The fund approved private equity and private credit commitments with existing managers as recommended by its general investment consultant last week, with more recommendations expected in the coming months.
The commitments include four new managers for the plan.
The hire follows a private debt search report conducted by the retirement system’s general investment consultant.
The pension plan approved four commitments totaling $110 million and 2024 real estate and real assets pacing plans yesterday.
The fund is expected to receive a private equity pacing plan proposal from its general investment consultant alongside private equity and private credit commitment recommendations at its board meeting this month.
The pension plan made 14 commitments across its private equity and real estate portfolios in the fourth quarter.
The commitments include two first-time managers for the plan.
The pension plan made private markets commitments totaling $16.25 million last month and will consider a 2024 pacing plan this week.
The commitments were made under the discretion of staff.
The plan received private debt and private equity pacing plans at its investment committee meeting this week.