Credit/Private Debt
The plan recently approved establishing new targets to infrastructure and private credit.
The credit arm of an investment manager is acquiring a venture debt manager in a deal expected to close in the fourth quarter.
The plan is also conducting a consultant search for informational purposes.
The commitments include two new relationships for the council.
The plan hired an emerging manager consultant this summer.
The plan will receive presentations from a credit manager and a farmland manager in the coming months.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.
The pension plan committed $120 million total to two existing manager relationships in the third quarter.
The pension fund also added several private markets commitments in recent months.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.