Credit/Private Debt
The commitments include two new relationships for the council.
The plan hired an emerging manager consultant this summer.
The plan will receive presentations from a credit manager and a farmland manager in the coming months.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.
The pension plan committed $120 million total to two existing manager relationships in the third quarter.
The pension fund also added several private markets commitments in recent months.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.
The pension plan made $734.7 million in total private equity/current return commitments and $321 million in total real estate commitments in the third quarter.
The recently disclosed commitments consist of private equity, private credit and private infrastructure funds.
The pension plan has committed $70 million to a new credit manager relationship.