The agency’s plans hired their first investment consultant following a search process conducted in 2018.
The global alternatives investment firm will acquire the U.S. private credit manager, which as $3 billion in assets under management.
The pension is expanding its emerging manager program into the public equity space after initial investments in alternatives starting in 2022.
The plan will move at least a portion of its roughly $57.4 million domestic small-cap core equity mandate to a passive option while it considers the role of the asset class as part of a broader public equity review.
The pension hired its incumbent consultant following a search conducted in 2025.
The retirement system added direct lending and core real estate commitments at today’s board meeting.
The retirement system wrapped up an RFP process initiated in January.
The pension finalized three commitments totaling $125 million last week.
The search stems from 2025-2026 fiscal year real estate pacing plans approved last month.
The pension fund committed $50 million between a pair of infrastructure secondaries managers last week.