Credit/Private Debt
The search is part of an asset allocation implementation plan.
The retirement system will consider placing its international small-cap core equity manager on watch at Friday’s board meeting.
The pension plan approved an up to $50 million commitment and a private credit pacing plan this week.
The retirement system re-upped with a European credit manager this week.
The asset allocation changes reflect the retirement system’s progress in moving toward its current long-term policy.
The pension plan recently hired three private debt managers as part of an ongoing search.
The plan will discuss adding a maiden allocation to private credit.
The search is being planned to potentially replace an existing manager.
The retirement system hired two firms to manage its 51% private markets portfolio.
The two commitments were made for pacing purposes.