Credit/Private Debt
The firm has completed fundraising for its fifth debt strategies fund, raising $2.15 billion in equity commitments.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The plan approved two commitments as part of its private credit pacing plan at a meeting today.
The retirement system’s most recent commitments totaled $615 million across four funds.
The plan made three commitments after interviewing firms in closed session last month.
The retirement fund terminated two equity managers and disclosed commitments totaling $1.7 billion in August.
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.
The software-focused investor has appointed a new head of the firm’s private credit platform.
The plan also delegated investment authority to its executive director.
The plan added a pair of private equity commitments and another to a credit opportunities fund.
