Credit/Private Debt
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.
The university added private equity, real estate, opportunistic credit and private energy strategies with new and existing managers within its endowment in fiscal year 2025.
The retirement fund also hired a new domestic small-cap value equity manager this week.
The retirement fund also disclosed commitments totaling $1.1 billion in November.
