Credit/Private Debt
The plan will target $600 million to private credit this year.
The retirement system also recently made commitments totaling $585 million.
The plan added $45 million in private markets commitments in January and December.
The retirement system committed to an existing private debt manager relationship in the third quarter.
The firms have created a separately managed account that allows financial advisors to allocate to private equity, private credit and real assets.
The pension plan disclosed commitments totaling $1.5 billion in the fourth quarter.
The pension plan committed up to $65 million total to private credit and private markets managers yesterday.
The plan also received a private markets pacing plan at its board meeting today.
The retirement association made 13 commitments totaling more than $900 million.
The manager had been on watch since 2024 due to underperformance.