Monroe County (Mich.) Employees' Retirement System committed $5 million to Monroe Capital Private Credit Fund V.
The $232 million pension fund's board approved the commitment to the private credit fund at its Oct. 3 meeting, recently released meeting minutes show.
It was the pension fund's first commitment to a fund managed by Monroe Capital.
As of Sept. 30, the pension fund's actual allocation to total fixed income was 17.1%; the target is 18%.
Investment consultant AndCo Consulting assisted.
