The plan may look at adding more one more private credit fund this year.
The transaction closed on April 30.
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.
Plan added a $15 million senior direct lending commitment and tabled an intermediate duration fixed-income search presentation to next month.
The plan made first-time investments with two funds for pacing purposes.
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.