The Kansas City Police Retirement System has approved increasing its target allocation to private credit to 10% from 7% at the August 10 board meeting.
As a result, the $952 million Retirement System reduced its target to Multi-Strategy Hedge Funds by 3% to 8%.
Ares Pathfinder Core Fund was hired to fulfill the increased private credit allocation.
Investment consultant, RVK, assisted with the recommendations.
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