Credit/Private Debt
The pacing plans are part of its 2021 annual asset class investment plans.
A university based in the Midwest has revised its asset allocation, increasing allocations to alternative assets at the expense of bonds and commodities.
The recommendation will come from its general investment consultant later this month.
The plan begins a new search and wraps up an existing one.
A foundation based in the Midwest added a private debt allocation and reclassified two investments under the asset class last year.
The plan eliminated a nearly $300 million frontier markets equity portfolio and made commitments of more than $2.1 billion in the fourth quarter.
The fund is seeking firms to handle a portfolio of private placement corporate bonds as well as securitized credit investments.
The plan’s discretionary private credit advisor will look to commit $500 million annually to private credit.
The plan made commitments of $10 million each in private credit and multi-family housing at its meeting today.
A university in New England completed its organizational and investment restructuring plan more than a year ahead of its planned schedule.
