New Castle County Reviews Private Markets YTD Pacing

The New Castle County Employees Pension released updates on its private markets pacing plan for the fourth quarter in recently published minutes from its October 16 board meeting.

Of the three asset classes that were reviewed, private equity reached its 2024 pacing plan goal of $9M, after the pension committed that amount to middle-market buyout Zenyth Partners Fund II in September. For its private debt and real assets policies, the pension expects to meet both goals by November and December, respectively. Thus far, it has reached half of its private debt goal of $12M after committing $6M to Crayhill Principal Strategies Fund III in May, but is yet to issue a commitment to a real assets fund which covers a pacing plan goal of $12M. NEPC assisted in the investment performance review and planning. 

Dakota reported on both the Crayhill and Zenyth allocations on June 14 and October 23, respectively.

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