FROM: Don Pierce, Chief Investment Officer
SUBJECT: European Credit Manager Search Update
RECOMMENDATION:
title
European Credit Manager Search Update.
body
BACKGROUND:
The attached presentation outlines the genesis of the current European Credit Manager search related to expanding the breadth of European Credit strategies, explains the credit metrics that make this market attractive to SBCERA, and reviews the research process.
COMMITTEE REVIEW:
The Investment Committee reviewed this item at its June12, 2025 meeting.
BUDGET IMPACT:
None.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Prudent Fiscal Management
STAFF CONTACT:
Amit Thanki
ATTACHMENTS:
Exhibit A: European Credit Manager Update Presentation