Credit/Private Debt
The retirement system made a follow-on private credit commitment earlier this week.
The fund added commitments to private equity, real estate and private debt funds with existing managers within its portfolio in the second half of 2025.
The pension plan eliminated its floating rate bonds target as part of a newly approved asset allocation last month.
The retirement system moved to a new general investment consultant in the first quarter after cutting ties with its incumbent after roughly 15 years.
The pension plan also added a global equity manager to its portfolio at a meeting yesterday.
The trust committed $70 million across two commitments last month for pacing purposes.
The fundraise increases total private credit strategy assets to $15 billion.
The plan approved $350 million in commitments with GPs at a meeting last week.
The fund approved the addition of a new opportunistic strategy within its portfolio during its April board meeting as recommended by staff and its general investment consultant.
The retirement fund disclosed $53 million in recent staff-led commitments.
