Credit/Private Debt
The pension fund interviewed three finalists at a special board meeting this week.
The commitments made earlier this month include a first-time manager for the plan.
The retirement system added $350 million in alternatives commitments in the first quarter.
The pension plan made commitments totaling $110 million last week.
The search is part of an asset allocation implementation plan.
The retirement system will consider placing its international small-cap core equity manager on watch at Friday’s board meeting.
The pension plan approved an up to $50 million commitment and a private credit pacing plan this week.
The retirement system re-upped with a European credit manager this week.
The asset allocation changes reflect the retirement system’s progress in moving toward its current long-term policy.
The pension plan recently hired three private debt managers as part of an ongoing search.