Massachusetts Bay Transportation Authority Retirement Fund, Boston, approved two new private credit commitments totaling $15 million.
The $1.8 billion pension fund’s board approved commitments of $7.5 million each to private credit fund Hamilton Lane Strategic Opportunities Fund IX and HarbourVest Credit Opportunities Fund III, managed by HarbourVest Partners, at its Jan. 17 meeting, recently released meeting minutes showed.
As of Jan. 31, the pension fund’s actual allocation to private credit was 1.3%.
Investment consultant Segal Marco Advisors assisted.
