The retirement fund received three proposals in response to an RFP issued in May 2024.
The firm has closed its “largest ever fund.”
The fund close represents the firm’s largest inaugural institutional fundraise.
The head of leveraged credit had been with the plan since 2018.
The ceo had been on a medical leave of absence since March 17.
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
The plans previously worked with Corebridge Financial.
Retirement plan sponsors are showing notable interest in adding private market assets to defined contribution plans, according to Cerulli Associates’ latest report.
The fund is co-managed by Managing Partner and CIO Tony Yoseloff, Co-Deputy Managing Partner Patrick Dennis and Partner and Head of European and Asian Corporates Chris Krishanthan.
The board recently approved real estate commitments and increased previously made private equity commitments.