New Castle County Pension Commits $14M to Alternatives

The New Castle County Employees’ Pension has committed $14 million across private credit and private real estate, as shown in meeting minutes from the July 20 board meeting. 

A $5 million re-up commitment was made to Backcast Credit Opportunities Fund II. Backcast provides debt and equity capital for middle market private equity and non-private equity owned companies. 

A $9 million re-up commitment was made to value-add real estate fund, TA Realty Fund XIII.

The $565 million Pension Board’s consultant, Michael Sullivan of NEPC, assisted with the investment recommendations.

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