Credit/Private Debt
A trust fund in a Midwestern state approved the commitments during its board meeting last week.
The plan is looking to invest in opportunistic credit, which would be a new asset class.
The plan hired three international small-cap equity managers and moved from a domestic large-cap value manager to a large-cap core strategy in the first quarter.
The plan may look at adding more one more private credit fund this year.
The plan will review draft RFPs for private equity and private debt managers at a board meeting this month.
The plan made a public equity hire and added five private market commitments.
The plan approved private equity and private credit commitments at its investment committee/board meeting today.
A California plan agreed to initiate a real estate search following approval of a new asset allocation policy yesterday.
The plan is seeking credit managers uncorrelated to core fixed-income and equity.
