Credit/Private Debt
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.
The retirement system committed to three existing manager relationships in the past two weeks.