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FUNDRAISING NEWS | January 09, 2025

Milford Commits $25M to Third EnTrust Maritime PC Fund

Tags: Pension Funds, Private Credit, New Investment

The Milford Pension & Retirement Board approved an investment of up to $25M in an EnTrust private credit strategy, as disclosed in the recently published minutes from its November 21 meeting.

The pension board unanimously voted in favor of the allocation to EnTrust Blue Ocean Fund II following presentations from representatives of the fund’s manager. General consultant Beirne Wealth also assisted Milford in the discussions regarding the investment.

As of October 31, 2024, the Connecticut-based retirement system said its total portfolio is valued at approximately $423.3M.

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Written By: Dakota

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