Credit/Private Debt
The retirement system is seeking one or more direct lending managers.
The plan hired four private credit managers as part of a search at today’s board meeting.
The pension fund approved new private markets commitments across private equity, credit and real assets at today’s meeting.
The plan is considering a 4% dedicated allocation to private investment grade credit.
The emerging markets equity manager had been placed on watch for performance reasons over the summer.
The pension fund approved three commitments to existing manager relationships this week.
The pension system added $340 million in private markets commitments in the second quarter.
The firm announced the first close for its latest alternative credit investment strategy exceeding $1 billion in new capital commitments.
The two international equity managers were placed on watch for performance reasons.
The plan disclosed more than $250 million in private markets commitments made in recent months.
