Credit/Private Debt
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.
Blackstone Capital Opportunities Fund V closed with over $10 billion of investable capital.
The retirement system also approved two private equity commitments today.
The firm interviewed two finalists at yesterday’s board meeting.
The retirement fund disclosed commitments totaling $2.3 billion in the first quarter.
