Hialeah ERS Allocates $20M to Private Credit, Replaces Equity Manager

The Hialeah City Employees’ Retirement System (ERS) disclosed $20M in commitments across two private credit funds and the termination and replacement of its international equity manager in recently published materials from its June 27 board of trustees meeting. 

The Hialeah ERS board approved a $15M commitment to New York City-based Churchill Asset Management and $5M to Miami-based PennantPark. The board also voted to terminate current international equity manager Lazard International, which it replaced with Rhumbline MSCI EAFE Index. 

According to Dakota data, the Florida-based pension oversees $700M in assets. 

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!