Credit/Private Debt
The retirement system made seven private markets commitments totaling $35.6 million last month.
The pension system made its first traditional private equity buyout commitments in years at today’s board meeting.
The plan approved two private credit commitments for pacing purposes at its board meeting today.
The pension fund hired two firms to split a 6% allocation.
The plan also added a new 6% target to private credit.
The plan also disclosed two private markets commitments.
The retirement association is seeking a firm to review and evaluate its discretionary private credit and private equity portfolios.
The retirement system also hired three firms in its diversifying strategies manager searches yesterday.
The university reduced its stake in the credit platform of an alternatives investment manager as investors are becoming concerned with redemption requests and gating withdrawals.
The firm will manage separate mandates for the city’s pension plan and OPEB Trust.
