Credit/Private Debt
The fund’s general investment consultant is recommending a private credit commitment to an evergreen strategy targeting an initial fundraise of $1 billion to $2 billion.
The firm has closed its fifth and largest dedicated aviation fund.
The plan will interview three international equity managers, including its incumbent, this summer.
The pacing plans call for a total of $105 million to private markets this year.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The pension plan was notified of two commitments totaling $975 million last week.
The retirement system also kicked off its asset/liability study this week.
The plan’s board voted to commit additional funds to an existing manager and also hire a new manager for the increased allocation.
The plan has issued an RFP seeking multi-asset credit managers.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
