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FUNDRAISING NEWS | October 16, 2024

Pittsburgh Pension Invests $40M with Private Credit Search Winners

Tags: Pension Funds, Searches, Private Credit

The City of Pittsburgh Comprehensive Municipal Pension Trust Fund (CMPTF) selected Brightwood and Partners Group as the new private credit managers with an initial mandate of $20M allocated to each.

This follows the pension issuing a private credit RFP in June of 2024. Consultant Marquette assisted with the search and recommendation, and a total of 10 proposals were received. 

Per Dakota data, the CMPTF oversees approximately $1.1B in assets. 

For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace! New call-to-action

Written By: Dakota

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