Credit/Private Debt
At least one client will explore alternative options next month.
The retirement system also recently made two private markets commitments.
The retirement fund also hired an emerging markets equity manager last week.
The plan’s investment committee approved a complementary fourth private credit fixed-income manager yesterday.
The plan recently made $285 million in private markets commitments.
The retirement system will interview the finalists at its December finance committee meeting.
The board hired an intermediate manager to replace a short-term bond mandate.
The retirement system also approved a search for a multi-asset credit manager at the end of August.
The commitments include two new manager relationships for the council.
The plan is looking to invest up to $35 million across the two strategies.