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The fundraise increases total private credit strategy assets to $15 billion.
The plan also previously rehired the firm in 2019 following a similar RFP process.
The plan approved $350 million in commitments with GPs at a meeting last week.
The plan named two firms to manage $450 million total.
GCM Grosvenor has hired Michael Albrecht as a managing director in its infrastructure business.
The pension plan will approve its general investment consultant’s takeover of exposure to the private equity manager.
The Foundation of Greater Montréal appointed Jason Taylor as its first-ever cio in March. Taylor took the time to answer 5 Questions with FIN News, plus one extra.
The fund surpassed its target and predecessor fund with $1.9 billion in total commitments.
The manager had been placed on watch for performance reasons in the fourth quarter.
The retirement fund will reissue a general investment consultant RFP after selecting a new firm for the role last month.