Credit/Private Debt
The retirement fund also hired a new domestic small-cap value equity manager this week.
The retirement fund also disclosed commitments totaling $1.1 billion in November.
The retirement fund approved increases across private equity, private credit, private value-add real estate, MLPs and marketable alternatives this week.
MPowered Capital’s investment in A1A Investment Partners is part of its GP Structured Partnership seeding strategy.
The pension system approved $245 million in private markets commitments over the second half of 2025.
The system approved revising the asset allocations for its endowment and liquidity pools after reviewing the allocation strategies for both pools in recent months.
The plan will target $600 million to private credit this year.
The retirement system also recently made commitments totaling $585 million.
The plan added $45 million in private markets commitments in January and December.
The retirement system committed to an existing private debt manager relationship in the third quarter.