Credit/Private Debt
The search is open to credit opportunities, distressed debt and direct lending strategies.
The retirement plan eliminated its floating rate bonds target allocation as part of a newly adopted policy last month.
The retirement association concluded an RFP process seeking below investment grade multi-asset credit funds.
The retirement system also approved a 2026 private markets pacing plan in January.
The plan hired a new bank loan manager due to personnel turnover at the incumbent firm.
The plan finalized private equity and private credit commitments totaling up to $75 million in February.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The plan also hired two credit managers in the fourth quarter.
The pension fund approved a pair of commitments that are in line with the pacing plan for 2026.
The plan also disclosed $250 million in commitments at today’s meeting.