Credit/Private Debt
The plan also disclosed $250 million in commitments at today’s meeting.
The plan is seeking private equity, private real estate, private credit, public markets and compliance reporting consulting services.
The plan made two private markets commitments following closed session deliberations.
The retirement association’s private credit portfolio stood at 6.4% against an 8% target as of Dec. 31.
The retirement fund disclosed seven commitments totaling roughly $1.4 billion in December.
The fund and its general investment consultant will consider segmenting the fixed-income allocation into core investment grade and return-seeking credit.
The retirement system made five commitments totaling roughly $218 million last week.
The retirement association was notified of credit, private equity and real estate commitments last week.
The trust will commit $100 million in total this year.
The oversubscribed fund raised over $1 billion of investment capital from a range of global institutional investors.