Searches and Hires

St. Louis Public School allocates $22 million to private debt, targets 2 other commitments

St. Louis Public School Retirement System made two private debt commitments totaling $22 million, recently released board meeting minutes said.

The $926 million pension fund's board at its Feb. 26 meeting approved commitments of $11 million each to direct lending funds Brightwood Capital Fund IV, managed by Brightwood Capital Advisors, and Monroe Capital Private Credit Fund III.

VWH Capital Management was the other finalist in the shortlist search.

Separately, at its March 15 meeting, the pension fund's investment committee recommended commitments of $10 million to Landmark Equity Partners XVI, managed by Landmark Partners, and $5 million to Glendower Capital Secondary Opportunities Fund IV, both secondary private equity fund. There were no other finalists in the shortlist search. The full board will vote on the recommendations at its April 16 meeting.

Investment consultant NEPC assisted with both searches.

Andrew Clark, executive director, did not return a phone call seeking further information.