The Imperial County California Employees Retirement System has agreed to hire Portfolio Advisors with a $45 million commitment, Private Debt Investor has learned.
A spokesman for the fund confirmed that the ICERS retirement board selected Portfolio Advisors for the private credit mandate during its 15 February meeting.
Portfolio Advisors was among four finalists competing for the $45 million mandate, including KKR, Partners Group and Pathway, according to the meeting agenda.
