Credit/Private Debt
The plan also made private markets commitments totaling $15 million in January.
The retirement system finalized direct lending and private equity buyout commitments last week.
The plan also hired an active domestic large-cap core equity manager at today’s board meeting.
The plan also adopted a new strategic asset allocation at its board meeting this week.
The fund will consider committing additional capital to two recently-hired managers within its portfolio at a special board meeting on March 5 after its original meeting on Feb. 19 was cancelled due to a winter storm.
The pension plan made three commitments totaling $187.5 million last week.
The plan has now hired a total of 12 new international equity managers this year.
The retirement system will shift planned searches for bank loan and high-yield managers into a single search for multi-asset credit managers.
The plan could allocate up to $500 million to U.S. or global long-only strategies.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.