The Teachers’ Retirement System of Oklahoma has selected two firms for the private debt search.
Ares and KKR were selected for a commitment of up to $500 million each to fulfill the 5% private debt policy allocation.
Oklahoma TRS’ consultant, Aon, assisted with the search.
Negotiations will be finalized in the coming weeks. Aon anticipates two to three years to reach the full 5% private debt allocation.
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