Credit/Private Debt
The plan will look to conclude its private markets consultant search next month.
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The retirement system established a new 5% target to the asset class last year.
The new asset allocation includes a 5% private credit target.
The commitments fulfill the plan’s private markets pacing schedule this year.
The plan committed up to $150 million across three funds in May and June.
The plan committed to two private debt funds at a board meeting last month.
The $50 million investment concludes a search for an additional long/short strategy initiated late last year.
The retirement system launched the searches last quarter due to contract expirations.
The middle market private investment firm has raised more than $3 billion total for its latest private equity and credit funds.