Fundraising News

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

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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