Credit/Private Debt
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The pension plan was notified of two commitments totaling $975 million last week.
The retirement system also kicked off its asset/liability study this week.
The plan’s board voted to commit additional funds to an existing manager and also hire a new manager for the increased allocation.
The plan has issued an RFP seeking multi-asset credit managers.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
The pension system committed $170 million across three strategies in the fourth quarter.
The retirement system will interview two private credit managers at its investment committee later this month.
The fund has closed with approximately $8 billion in total capital commitments.
The pension plan recently approved three commitments totaling $165 million.