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FUNDRAISING NEWS | September 29, 2022

Detroit General Retirement Commits $20M to Private Credit

Tags: Pension Funds, Alternative Insights, Credit

The General Retirement System of the City of Detroit has made a $20 million commitment in Comvest Credit Partners Fund VI, according to recently released meeting minutes from the July 20 board meeting.

The direct lending fund managed by Comvest Credit Partners targets industries including healthcare, specialty finance, financial services, transportation & industrials, consumer, and technology.

The current asset allocation policy has an 8% target to diversifying strategies.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!  

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.

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