Credit/Private Debt

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 has begun a search seeking one or more managers to handle active long credit strategies.

Plans approved alternatives commitments totaling $23 million this week.

The plan disclosed several private equity commitments and one to private debt at a board meeting today.

A university based on the West Coast is looking to commit $3 billion to private equity across its portfolios in 2021 as it looks to reach its target allocations to the asset class in the next five years.