Credit/Private Debt
Blackstone Capital Opportunities Fund V closed with over $10 billion of investable capital.
The retirement system also approved two private equity commitments today.
The firm interviewed two finalists at yesterday’s board meeting.
The retirement fund disclosed commitments totaling $2.3 billion in the first quarter.
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.