Credit/Private Debt
The search is being planned to potentially replace an existing manager.
The retirement system hired two firms to manage its 51% private markets portfolio.
The two commitments were made for pacing purposes.
The plan is considering a 5% dedicated allocation to the new asset class.
The retirement system approved the RFP at yesterday’s board meeting.
The retirement system will launch the search soon for pacing purposes.
The retirement system approved infrastructure and private credit commitments at a meeting today.
The retirement system will receive educations on the asset classes at a third quarter board meeting.
The retirement system’s upcoming search will comply with state procurement laws.
The retirement system is working with its general investment consultant to conduct a search for strategies.