Credit/Private Debt
The plan added $90 million across two commitments in the second quarter.
The pension plan heard presentations from six managers at last month’s board meeting.
The plan will hire one additional firm in its multi-credit asset class search.
The New York-based firm closed its second flexible capital fund above its fundraising target with more than $275 million in commitments.
The pension plan is seeking a firm to handle a mandate ranging between $400 million and $1 billion.
The plans placed Wellington Management Company on watch this week due to the upcoming retirement of a partner and equity research analyst.
The plan made a decision in its opportunistic credit search after an RFP process initiated in March.
The credit firm recently closed its inaugural fund, which provides capital for small business owner-operators, above its target fundraise.
Plan will hear presentations from four general investment consultant firms at its meeting next month.
The RFP will seek one or more short-duration high-yield fixed-income managers.