St. Louis Public School Retirement Commits $10M to Private Credit

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.

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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