Credit/Private Debt
The fund received educations on the two asset classes at its investment committee meeting last week as part of an ongoing asset/liability study.
The pension system disclosed recent commitments across real estate, private credit and private equity.
The plan committed additional capital to two credit funds at its meeting today.
The fund has committed more than $600 million of capital to acquire a fleet of 62 aircraft.
The retirement system added the two new asset classes as part of a completed asset allocation study.
The pension plan made $460.6 million in total private equity/current return commitments in the first quarter.
The commitments were made across private equity, credit and real assets totaled $725 million.
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.
The retirement system is seeking direct/niche lending and credit opportunities funds.
The plan is looking to invest $100 million in a liquid credit strategy.