A Midwestern employees pension plan has issued an opportunistic credit manager RFP after increasing its target allocation to private credit last month.

A Midwestern plan made three private markets commitments totaling $100 million last month.

The surging second quarter markets have left institutional investors breathing a sigh of relief as year-to-date and fiscal year numbers—while still not ideal—become more digestible after a gut-punch first quarter.

Firm has added two team members to its institutional team within the past six months.

The hire concludes a search launched in August as part of a management succession plan.

A Midwestern plan approved a new asset allocation policy at its investment committee/board meeting today that will help maintain its long-term expected returns.