Hollywood Employees’ Retirement Fund Commits $11M to Alts

The Hollywood Employees’ Retirement Fund disclosed three recent commitments to alternatives, totaling $11 million, according to the September 26th meeting minutes.

In private credit, $3 million was committed to Brightwood Capital SBIC III Fund and $5 million to BC Partners Special Opportunities Fund III.

$3 million was committed to the Bayview MSR Opportunity Fund, a hedge fund managed by Bayview Asset Management.

Investment consultant, Segal Marco, assisted.

As of September 30, 2023, the $430 million pension fund allocates approximately 8.2% to private credit with a target of 8.8%.

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: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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