The fund will primarily invest in privately originated, floating rate, senior secured loans.
The pension plan made 14 commitments across its private equity and real estate portfolios in the fourth quarter.
The pension plan made private markets commitments totaling $16.25 million last month and will consider a 2024 pacing plan this week.
The pension plan received 237 applications in response to a nationwide search kicked off in November to replace Executive Director Ron Baker.
Andrew Junkin is cio of the $105.9 billion Virginia Retirement System. He took the time to answer 5 questions with FIN News after last contributing in 2020.
The county treasurer’s office selected a new investment advisor to manage its fixed-income investment portfolio.
The investment officer will report to Executive Director and CIO Craig Slaughter.
The fund and associated vehicles closed with $5.3 billion in commitments, marking the firm’s largest-ever fundraise.
The pension plan’s cio recently approved two private equity commitments.
The commitment is part of the plan’s new portfolio structure, which introduced a 5%, or roughly $500 million, private debt target allocation in November.