New Castle County (Del.) Employees’ Pension Program approved two new commitments totaling $14 million.
The $565 million pension fund’s board at its July 20 meeting approved commitments of $9 million to real estate fund TA Realty Value-Add Fund XIII and $5 million to Backcast Credit Opportunities Fund II, a private credit fund managed by Backcast Partners, recently released meeting minutes show.
The pension fund previously committed $9 million to TA Realty Value-Add Fund XII and $5 million to Backcast Credit Opportunities Fund I, both in 2020.
Investment consultant NEPC assisted.
Daniel McFadden, chairman of the board of trustees, could not be immediately reached for further information.
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