The Maryland-National Capital Park and Planning Commission Employees’ Retirement System has selected the Nuveen Senior Loan Fund for a bank loan search.
Nuveen will replace Voya as bank loan manager for the pension fund. The Voya account was valued at approximately $43.6 million as of June 30, 2021.
The hiring was approved at the September 6, 2022, board meeting. T.Rowe Price and ARES Management were also considered and presented at the meeting.
Investment consultant for the Retirement System, Wilshire, assisted with the search.
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