Credit/Private Debt
Investors’ 2020 search activity remained on par with previous years despite the COVID-19 pandemic and there continues to be increased activity for private investment strategies, according to a recent webinar from an investment consultant.
The plan approved two private credit commitments at a board meeting today to fulfill its pacing plan.
The plan approved consolidating management of its $51 million global tactical asset allocation portfolio yesterday.
The plan voted to reduce the managers handling its global tactical asset allocation portfolio from three to two at a meeting yesterday.
The current head of debt and special situations is transitioning into a role as executive chair later this year.
The plan disclosed new commitments to private equity, credit and an infrastructure fund at today’s meeting.
A Mid-Atlantic plan disclosed $650 million in new commitments at its investment advisory committee meeting today.
The plan has now committed $50 million of its $90 million target as part of its 2021 pacing plan.
Proposal Due Date: May 7, 2021 at 4:00 PM PST.
The plan is seeking a firm to provide non-discretionary management services for its newly created private credit portfolio.
