Published August 04, 2022
It has been recommended for the Rhode Island State Investment Commission to approve a $30 million commitment to Deerpath Capital Advantage Fund VI.
Meeting materials from the August 3 Employees’ Retirement System of Rhode Island (ERSRI) meeting disclose the $30 million recommendation from the Retirement System’s consultant, Cliffwater.
Deerpath Capital Advantage Fund VI is a direct lending fund that will “provide senior secured loans to sponsor-backed lower
middle market companies with $5 million to $20 million of EBITDA and $50 million to $100 million of enterprise value”, according to the formal recommendation from Cliffwater.
As of June 30, 2022, ERSRI has an actual and target allocation to private credit of 2.9% and 3% respectively.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
© Dakota 2021 | Privacy Policy |