The Cincinnati Retirement System approved five commitments to private debt managers, totaling $110 million, according to Minutes from the February 1, 2024 Board of Trustees meeting.
$30 million was committed to TPG, J.P. Morgan, and Bain. Additionally, $10 million was committed to each of Carlyle and Blue Owl.
Marquette assisted with the recommendation.
As of November 30, 2023, the $2.35 billion pension fund allocates approximately 1.8% to private credit with a target of 3%.
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