The Imperial County Employees’ Retirement System has approved increasing their target allocation to private credit.
The private credit target allocation was raised by 3% to 8%. As a result, the international equity target will be reduced by 3% to 17%.
Verus assisted with the asset liability study and recommendations.
As of September 30, 2023, the $1 billion Retirement System allocates approximately 5.1% to private credit.
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