St. Louis Public School Retirement System committed $10 million to Monroe Capital Private Credit Fund II, recently released board meeting minutes said.
The $911 million pension fund conducted an invitation-only search for private debt managers earlier this year. The other finalist was Crescent Capital Management.
Separately, the pension fund announced that emerging markets debt managers BlueBay Asset Management and Lazard Asset Management will make presentations to the investment committee at a future date to run up to $36 million.
The pension fund has yet to hire any emerging markets debt managers after creating a 4% target allocation to the asset class in 2013.
Investment consultant NEPC assists on all searches and hires.
Andrew Clark, executive director, did not return a phone call by press time.