City of Grand Rapids increases allocation to private debt

The US public pension's private debt allocation has jumped to 2.20%.

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Institution: City of Grand Rapids General Retirement System
Headquarters: Grand Rapids, United States
AUM: $423.18m
Allocation to alternatives: 16.83%
Bitesize: $5-10m

City of Grand Rapids General Retirement System has adjusted its allocation to private debt investments from 1.90% to 2.20%.

As illustrated in the charts below, the $423.18 million pension currently allocates 16.83% to alternative assets. Ms. Peggy Korzen is the current Executive Director.

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