The Chicago Metropolitan Water Reclamation District Retirement Fund has selected two managers for the private credit search that was issued in January 2023.
Brightwood Capital Fund V and Neuberger Berman Private Debt Fund V were both selected for the search.
The managers will evenly split the mandate of approximately $70 million (5% of Fund assets).
The $1.5 billion Retirement Fund’s investment consultant, Marquette, assisted with the search.
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