New Castle County (Del.) Employees' Pension Program made two new private credit commitments totaling $5 million.
The $516 million system's board approved commitments of $3 million to a private credit fund managed by Crayhill Capital Management and $2 million to HarbourVest Direct Lending Fund, managed by HarbourVest Partners, recently released meeting minutes show.
The minutes did not disclose the name of the Crayhill fund.
Investment consultant NEPC assisted.
Jacqueline D. Jenkins, the county's human resources officer and member of the board of trustees, could not be immediately reached for further information.