Institutional investors continued to deploy capital across private credit, real assets, private equity, and alternatives, with a clear bias toward established relationships, emerging-manager programs, and resilient income strategies.

Sacramento County Employees’ Retirement System (SCERS)

SCERS completed a $50 million private credit re-up, reinforcing confidence in opportunistic and niche lending strategies with experienced managers.

  • Manager: Shamrock Capital

  • Fund: Shamrock Capital Content Fund IV, L.P.

  • Focus: Liquid / opportunistic credit

  • Region: North America

Connecticut Retirement Plans and Trust Funds (CRPTF)

CRPTF approved multiple large commitments across real estate, infrastructure, private credit, and private equity—highlighting its structured emerging-manager pipeline alongside continued support for flagship funds.

Key approvals include:

  • $250m to CRPTF-GCM Emerging Managers Partnership L.P. — 2026-2 RE Series (U.S. real estate)

  • $425m to CRPTF-GCM Emerging Manager Partnership L.P. — 2026-1 PE Series

  • $300m to CRPTF-RockCreek Emerging Manager Partnership, L.P. — Series II (private credit)

  • $150m to iSquared Growth Markets Infrastructure Fund II, L.P.

  • $200m to iSquared Global Infrastructure Fund IV, L.P.

  • $100m to Eagle Point Defensive Income Fund III US, L.P.

  • $150m to Eagle Point CRPTF DIF Co-Investment L.P.

Oregon Investment Council / OPERF

Oregon approved new private equity commitments as part of its ongoing private-markets pacing strategy.

  • Manager: Willamette Investment Partners

    • Fund: Francisco Partners Agility IV (technology-focused buyouts)

  • Manager: TPG

    • Fund: TPG Partners X, L.P. (global upper middle-market buyouts)

State Employees’ Retirement System of Ohio (SERS)

SERS approved a new opportunistic allocation to an alternative trend-following strategy, enhancing portfolio diversification amid elevated macro volatility.

  • Manager: AQR Capital Management

What this signals:
Recent appointments underline allocator preference for manager continuity, scalable emerging-manager platforms, defensive income strategies, and diversification tools—a constructive backdrop for GPs with proven execution and strong institutional alignment heading into 2026.