BPC Opportunities Fund V raised over $750 million while the firm’s inaugural BPC Real Estate Debt Fund raised $545 million.
The retiree health care trust fund is interested in complementing or replacing its existing core-plus bond managers.
The retirement systems first initiated a search for a new executive director in the third quarter.
The retirement system diversified its domestic bond portfolio with the investment on April 1.
The alternatives consulting firm has announced the addition of three new professionals to its team.
The retirement fund also tabled a proposed value-add real estate commitment today.
The retirement system will discuss implementing its new strategic asset allocation with manager searches.
The pension system also reviewed a private equity pacing plan last week and sent out an invitation only multi-asset credit RFP in April.
The new role unifies the asset manager’s global real estate offering and expands access to firmwide capabilities.
Crestline Direct Lending Fund IV closed with $3.5 billion of investable capital across the fund, related vehicles and anticipated leverage.