The Iowa Public Employees’ Retirement System (IPERS) this past week issued an RFP that could see the $35 billion pension hiring multiple managers within private credit.
Trustees approved an $850 million allocation to private credit products, as a new asset allocation approved last month boosted the asset class from 3% to 8% of assets or to $2.8 billion.
Private credit strategies are actively managed in either a separately managed account and/or fund structure that makes investments in mezzanine lending, special situations, specialty . . .
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