The St. Louis Public School Retirement System has approved investing $10 million to the Strategic Value Capital Solutions Fund II, according to minutes from the April 20 investment committee meeting.
Separately, minutes from the May 18 investment committee meeting show that the Retirement System will be liquidating the Xponance fixed income account (approximately $11 million). This comes after news of Xponance moving away from the strategy that the Retirement System is invested in. Pension staff are considering reallocating the $11 million to their current fixed income managers, Manulife and Earnest Partners, but a decision has yet to be made.
Investment consultant, AndCo, assisted with the private credit investment recommendation and the Xponance liquidation.
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Written By: Koncheng Moua, Director of Data Management and Strategy
Koncheng Moua is the Director of Data Management and Strategy at Dakota.