Justin Mitchell

The firm has already raised most of the capital and just attracted a $30m commitment from Rhode Island.

CIO Bob Jacksha declined to confirm whether or not the decision was due to Vista founder Robert Smith's recent non-prosecution agreement with the federal government.

Staff at the $207.8bn system have said that distressed debt opportunities following the covid crisis could be unprecedented.

The $262bn pension had signaled earlier this year that is was interested in applying its 'collaborative model' to private equity opportunities amid the covid crisis.