Alternatives
Higher interest rates and inflation has put pressure on the companies that undergird the private credit markets and nonprofits investors should be mindful of the of the potential cyclical risks.
The fund approved the addition of core fixed-income, international equity and private equity secondaries investments during its board meeting last week and is slated to consider combining two of its ten investment pools later this month.
The plan made $650 million in total private markets commitments during the first quarter.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
The pension plan approved three commitments with an existing manager relationship last week.
The plans approved commitments with two existing manager relationships last week.
The commitments were made under the plan’s delegated authority.
The commitments were made in closed session at this week’s board meeting.
The plan made three credit-focused commitments with existing manager relationships.
The trust fund will consider adding core fixed-income, international equity and private equity secondaries strategies with new investment managers to its portfolio during its board meeting this week.