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The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
The firm closed on $2.2 billion in commitments for secondary investments in the software market.
The plan located in our nation’s capital approved a search for active international equity managers.
The pension plan made two commitments with existing manager relationships last month.
PFM Asset Management currently provides investment advisory services for the city’s investment funds.
The commitments were part of a 2025 private equity recommendation from general investment consultant Marquette Associates.
A total of six new sub-mandates were funded.
The plan opted to retain its incumbent for an initial five-year term.
The plan is seeking services that may include custodial/trustee, plan and participant level record keeping, employee enrollment, participant education and ongoing administrative and regulatory support.
An authority overseeing a college savings plan in the Midwest has renewed its contracts with a record keeper and two investment managers.
