Credit/Private Debt
The pension plan’s investment committee added two $25 million commitments this week.
A state investment fund based in the Great Plains region will vote on a new commitment to a private credit secondaries vehicle.
An endowment fund based in a Southern state has slated interviews with five finalists in its direct lending manager search launched earlier this year.
The pension plan introduced a 2% target to real estate debt as part of a new asset allocation policy adopted last month.
A foundation based in the Mid-Atlantic region is looking to add a manager to help oversee its private market portfolios.
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The plan added a $60 million commitment to a new manager in May.
The pension plan’s new private credit manager will handle a $30 million allocation.
The increases are a result of a new asset allocation study.
The retirement system added $50 million to a direct lending partnership last week.