---
title: Dakota Funds | Credit
description: Credit | Dakota Funds Blog
---

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- [ About ](https://dakotafunds.com/about-us)
- [ Team ](https://dakotafunds.com/team-update)
- [ Partners ](https://dakotafunds.com/clients)
- [ Contact ](https://dakotafunds.com/contact-us-update)

# Fundraising News

### Stay up to date on the latest industry insights on fundraising news, searches, personnel changes and more.

<https://dakotafunds.com/dakota-funds/fundraising-news/virginia-retirement-system-commits-200-million-to-private-credit>

December 11, 2023

#### Virginia Retirement System Commits $200 Million to Private Credit

 The Virginia Retirement System has approved a $200 million to private credit according to materials from the December 7 board meeting. $200 million was allocated to Ares Credit Secondaries, a...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/virginia-retirement-system-commits-200-million-to-private-credit)

<https://dakotafunds.com/dakota-funds/fundraising-news/kansas-pers-preparing-high-yield-search>

August 07, 2023

#### Kansas PERS Preparing High Yield Search

 The Kansas Public Employees’ Retirement System is preparing to issue a search for their Yield Driven Program. The long term target allocation to the Yield Driven asset class was increased to 12% from...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/kansas-pers-preparing-high-yield-search)

<https://dakotafunds.com/dakota-funds/fundraising-news/massachusetts-water-retirement-hires-lmcg-for-opportunistic-credit-search>

August 02, 2023

#### Massachusetts Water Retirement Hires LMCG for Opportunistic Credit Search

 The Massachusetts Water Resources Authority Retirement System has selected the LMCG Serenitas Credit Gamma Fund for the Opportunistic Credit search that was issued in March. 15 firms were evaluated...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/massachusetts-water-retirement-hires-lmcg-for-opportunistic-credit-search)

<https://dakotafunds.com/dakota-funds/fundraising-news/louisiana-trs-commits-325m-hires-high-yield-manager>

July 20, 2023

#### Louisiana TRS Commits $325M; Hires High Yield Manager

 The Teachers’ Retirement System of Louisiana has disclosed four alternative investments totaling up to $325 million. Up to $75 million was committed to Bain Capital Real Estate Fund III. Also in real...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/louisiana-trs-commits-325m-hires-high-yield-manager)

<https://dakotafunds.com/dakota-funds/fundraising-news/fairfax-county-educational-employees-commits-50.5m-to-alts>

July 19, 2023

#### Fairfax County Educational Employees’ Commits $50.5M to Alts

 The Fairfax County Educational Employees’ Supplementary Retirement System has disclosed 7 alternative investments totaling up to $50.5 million. In private equity, $4 million was committed to KPS...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/fairfax-county-educational-employees-commits-50.5m-to-alts)

<https://dakotafunds.com/dakota-funds/fundraising-news/san-francisco-ers-commits-280m-to-alts>

July 17, 2023

#### San Francisco ERS Commits $280M to Alts

 The San Francisco Employees’ Retirement System has disclosed five alternative investments totaling $280 million. $75 million was committed to the Cerberus Levered Loan Opportunities Fund V. Also in...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/san-francisco-ers-commits-280m-to-alts)

<https://dakotafunds.com/dakota-funds/fundraising-news/cincinnati-retirement-hires-reams-for-core-plus-fixed-income-search>

July 11, 2023

#### Cincinnati Retirement Hires Reams for Core Plus Fixed Income Search

 The Cincinnati Retirement System has hired Reams Asset Management for a core plus fixed income mandate. $125-$130 million will be invested in the Reams account. As of May 31, 2023, the $2.2 billion...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/cincinnati-retirement-hires-reams-for-core-plus-fixed-income-search)

<https://dakotafunds.com/dakota-funds/fundraising-news/michigan-investment-board-commits-421m-hires-three-international-equity-managers>

July 10, 2023

#### Michigan Investment Board Commits $421M; Hires Three International Equity Managers

 The State of Michigan Investment Board has disclosed five new alternative investments totaling $421 million. $20 million was committed to the SJC Direct Lending Fund IV 10-Year-J strategy, a...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/michigan-investment-board-commits-421m-hires-three-international-equity-managers)

<https://dakotafunds.com/dakota-funds/fundraising-news/indiana-public-retirement-system-commits-592m-to-alts>

July 07, 2023

#### Indiana Public Retirement System Commits $592M to Alts

 The Indiana Retirement System had made commitments totaling $592 million in alternative investments, according to the June 23 board meeting. $125 million was committed to the private credit fund,...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/indiana-public-retirement-system-commits-592m-to-alts)

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