Credit/Private Debt
The plan will commit an additional $60 million to private markets this year.
The plan has committed $500 million to a new direct lending platform with J.P. Morgan Asset Management.
The plan will commit to private credit managers this year for pacing purposes.
The plan made a commitment today as part of its pacing plan for the asset class.
The retirement system also made three commitments at its investment committee meeting last week.
The pension fund has issued RFPs seeking value-add real estate and real estate debt managers.
The pension plan also redeemed an alternatives manager at a board meeting today.
The plan was mulling a 5% target to either private equity or private credit, ultimately approving the latter.
The retirement fund made two commitments last month as part of its annual pacing plan.
The pension fund also reached the range for this year’s pacing plan for the asset class with a recent $50 million commitment.
