Credit/Private Debt
The plan also made an infrastructure commitment at a board meeting today.
The plan is looking to make two to three commitments in the growth equity and buyout spaces by the end of the year.
The plan committed to private equity and private debt for pacing purposes.
The plan will consider first-time investments in private equity and private credit strategies.
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.