Credit/Private Debt
The middle market private investment firm has raised more than $3 billion total for its latest private equity and credit funds.
The plan created a 3% target to multi-asset credit earlier this year.
The retirement system finalized a pair of new manager relationships last week.
The newly hired firm will provide private credit, private equity, real estate and infrastructure consulting services.
The pension plan also made credit and infrastructure commitments totaling $130 million last month.
The plan also terminated an international small-cap equity manager for performance reasons.
The strategy exceeded its initial $1.25 billion hard cap.
The pension plan made two credit commitments totaling $60 million in the second quarter.
The plan hired two multi-asset credit managers at a board meeting today.
The pension plan established a 5% target to the private credit asset class at a meeting this week.