New Castle County Commits $6M to King Street, Extends HarbourVest

The New Castle County Employees Pension made an allocation to King Street’s private credit fund and extended its contract with HarbourVest Venture IX Fund, per the pension’s recently released November 20 meeting minutes.

The pension committed $6M to King Street Opportunistic Credit Fund in its most recent investment in private credit. New Castle earlier made a commitment of the same size to asset-backed/securitized private credit fund Crayhill Principal Strategies III, as reported by Dakota on June 14. Meanwhile, the Delaware-based pension also granted an extension to HarbourVest Venture IX Fund for two more years.

New Castle unanimously approved both motions as recommended by its consultant NEPC, who assisted in the investment discussions.