Detroit GRS Invests $60M in Private Credit

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!

Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.

Related Content

Virginia Retirement Commits $1.5B to Alts, Ends Nitorum, Orchard Investments
February 06, 2025

NY State Common Commits $1.5B to Alts in December 2024
February 05, 2025

FCERA Commits $140M to Alts, Invites FI Picks, Targets $125M for Private Markets
February 05, 2025

LACERS Makes $395.1M in Alts Investments, Reviews Q3 2024 Performance
January 17, 2025

LACERA Approves $2.2B in Commitments to Seven Alts Funds
January 03, 2025

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

Detroit GRS Invests $60M in Private Credit

Subscribe

Related Content

The Database For Cold Outreach to Reach Institutional and RIA Investors

Address

Products & Services

Resources

Podcasts

Events

Company