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US public employee pension plans are projected to be more than 80% funded on average.
A Midwestern plan approved two private credit commitments and one private equity commitment this month.
The plan disclosed several new private markets commitments at a board meeting today.
Plan’s investment committee authorized a search for asset-based lending managers this week.
The search is due to unexpected departures at plan’s incumbent emerging market debt manager.
The plan will interview three firms at a specially called meeting next month.
A state investment board in the Pacific Northwest recently added three private equity commitments.
The search follows the resignation of its executive director and cio, who left to join a private equity firm in Alabama.
Their responsibilities are being assumed by other team members.
The partnership expands Brookfield’s Real Estate Secondaries’ logistics portfolio across core infill markets.