FUNDRAISING NEWS | September 09, 2024
The General Retirement System (GRS) of the City of Detroit approved four commitments to private credit funds at their June 18 board of trustees meeting, according to recently published minutes.
The Detroit GRS allocated $20M each to Churchill Asset Management and a distressed private credit fund, Siguler Guff Small Business Credit Opportunities.
The pension also allocated $10M each to Monroe Capital Private Credit Fund, a direct-lending fund strategy within private credit, and Brightwood Capital Fund, an opportunistic private credit fund.
According to Dakota data, the Detroit GRS has $2B in AUM.
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! 
Jane Bailey is a Marketing Associate at Dakota.
