Credit/Private Debt
A California plan has concluded its search for an alternative investments dedicated managed account platform provider.
The plan committed up to $100 million total to two real estate debt funds at its investment committee meeting yesterday.
Upheaval in the markets and our lives due to the COVID-19 pandemic led to a search for investment opportunities by institutional investors – with the credit markets offering a beacon of hope for strong returns during a turbulent time.
A Southwestern retirement system approved real estate and opportunistic credit pacing plans at its joint board of trustees and investment advisory committee meeting yesterday.
A university in the south updated its asset allocation, including creating a new credit/distressed opportunities allocation, last year.
The plan hopes to use proceeds to invest in other opportunities.
The plan has launched a general investment consultant search previously delayed due to COVID.
The plan has begun a search seeking one or more managers to handle active long credit strategies.
Plans approved alternatives commitments totaling $23 million this week.
Potential domestic small-cap core equity search would come in a decision to move away from a small-cap value manager.
