The plan terminated the sole manager handling its $169 million portfolio.
Plan will schedule interviews with three direct lending managers after hearing a search report review this week.
Plan has issued a private debt RFP following approval at today’s board meeting.
Plan is seeking private credit managers to handle a new 3% allocation.
Search is for an investment analyst focused on alternative assets for two funds totaling almost $2 billion.
A university based in the Midwest has hired a new direct lending manager for its portfolio.
A university in the South is searching for investment manager for private investments, associate investment manager for private investments and an investment associate to assist in the oversight and management of its endowment.
A university based in a Southern state added private equity, hedge fund, private debt and public equity investments during the first quarter.
The plan approved up to $650 million in new private commitments at its board meeting yesterday.
The firm will help Macquarie offer alternative investment strategies to high-net-worth clients.