The pair of expected private credit commitments will help the fund as it looks to reach its target allocation to the asset class in the coming years.
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.