FUNDRAISING NEWS | October 03, 2022
The Municipal Employees Annuity & Benefit Fund of Chicago (MEABF) has allocated $100 million across three private credit funds, according to meeting minutes from the August 18 board meeting.
$40 million was allocated to Partners Group Credit Strategy, $40 million was allocated to the Angelo Gordon Direct Lending Fund, and $20 million was allocated to the Brightwood Capital Fund.
At the April meeting, the MEABF reduced their allocation in the Georgetown Diversified Fund, leaving excess funds to expand the private credit portfolio.
Consultant, Marquette, assisted with the recommendations.
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Koncheng Moua is the Director of Data Management and Strategy at Dakota.
