--- title: Austin City ERS Planning $140M to Private Credit in 2024, 2025 description: Austin City ERS Planning $140M to Private Credit in 2024, 2025 image: https://dakotafunds.com/hubfs/Imported_Blog_Media/austin-Dec-07-2021-03-49-40-83-AM-1.jpg --- [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) ** - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) # Austin City ERS Planning $140M to Private Credit in 2024, 2025 **Written by: ** Helen Bascom, Marketing Associate ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/austin-Dec-07-2021-03-49-40-83-AM-1.jpg) The Austin City Employees’ Retirement System reviewed their private credit strategic plan with consultant Callan during the February 22nd Investment Committee meeting.  The private credit strategic plan includes a target allocation of 10% with a range of +/-3%. To meet this target they plan to make annual commitments of $140 million through 2026, and annual commitments of $40 million from 2027-2028.  Furthermore, they expect to invest in opportunistic and direct lending strategies in the initial two years.  Within the private credit exposure, their target commitments by sector are 35% to direct lending, 20% to distressed debt, 20% to asset backed debt, 15% to mezzanine/bridge financing, and 10% to credit special situations.    The recommendation to begin incorporating private credit into the portfolio was given in the September 21, 2023 board meeting which led to the first private credit commitment of $90 million to Blue Owl Diversified Lending Fund being approved at the December board meeting. *For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)! * Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Searches](https://dakotafunds.com/dakota-funds/tag/searches), [Private Credit](https://dakotafunds.com/dakota-funds/tag/private-credit) ### Recent Posts [EP Wealth Acquires Wacker Wealth Partners](https://dakotafunds.com/dakota-funds/fundraising-news/ep-wealth-acquires-wacker-wealth-partners) April 04, 2024 [JTP Capital Seeking Fundraising and CRM Database Management Assistant](https://dakotafunds.com/dakota-funds/fundraising-news/jtp-capital-seeking-fundraising-and-crm-database-management-assistant) April 04, 2024 [$700M Merrill FAs Depart to Sanctuary](https://dakotafunds.com/dakota-funds/fundraising-news/700m-merrill-fas-depart-to-sanctuary) April 03, 2024 [Greenbacker Capital Seeking Internal Sales Representative](https://dakotafunds.com/dakota-funds/fundraising-news/greenbacker-capital-seeking-internal-sales-representative) April 03, 2024 [NY Common Commits $550M to Venture Capital, Real Estate](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-550m-to-venture-capital-real-estate) April 03, 2024 ## Related Blogs December 08, 2022 #### Missouri LAGERS Commits $140M to Private Equity, Infrastructure The Missouri Local Government Employees Retirement System disclosed two commitments to private... [ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/missouri-lagers-commits-140m-to-private-equity-infrastructure) December 07, 2023 #### Ohio Police & Fire Pension Commits $140M to Real Estate, Private Equity The Ohio Police and Fire Pension fund approved the commitment of $140 million across one real... [ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/ohio-police-fire-pension-commits-140m-to-real-estate-private-equity) April 05, 2023 #### Arkansas commits $140M to Alternatives The Arkansas Teacher Retirement System will commit to three funds totaling up to $140 million,... [ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/arkansas-commits-140m-to-alternatives) ![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Helen Bascom, Marketing Associate", "url" : "https://dakotafunds.com/dakota-funds/author/helen-bascom-marketing-associate" }, "dateModified" : "2024-04-04T20:28:07.105Z", "datePublished" : "2024-03-27T04:00:00.000Z", "headline" : "Austin City ERS Planning $140M to Private Credit in 2024, 2025", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/austin-Dec-07-2021-03-49-40-83-AM-1.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/austin-city-ers-planning-140m-to-private-credit-in-2024-2025", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```