SFERs’ strategy weightings, geographical exposure led to private credit misses

Key Takeaways

• • The $40bn Florida State Employees' Retirement System (SFERS) is experiencing short-term underperformance in its private credit portfolio, according to Private Debt Investor.
• • Strategy weightings and geographical exposure are cited as the primary drivers of the private credit shortfalls.
• • Despite the recent misses, SFERS's pacing into private credit is expected to increase in the coming years.