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The firm had a first close of its inaugural private credit strategy.
The pension fund hired its second infrastructure manager in June after hiring its inaugural manager for the asset class last year.
The plan rehired its incumbent in 2020 after conducting a similar search.
The plan also recently concluded a liquid credit manager search.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The plan made two commitments for pacing purposes at today’s board meeting.
The pension fund approved up to $500 million in private markets commitments at a meeting today.
She comes to the plan from another retirement fund in the state.
The search is due to portfolio manager changes and underperformance by the incumbent.
The pension fund swapped out an active large-cap value equity mandate for a passive one in the second quarter.
