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FUNDRAISING NEWS | August 04, 2022
Tags: Pension Funds
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!
Written By: Koncheng Moua, Director of Data Management and Strategy
Koncheng Moua is the Director of Data Management and Strategy at Dakota.
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