Credit/Private Debt
Plan will seek private credit portfolio manager and syndicated bank loan managers in the first quarter.
The plan will target three private credit funds each year for the next three years.
A Mid-Atlantic plan disclosed $500 million in recent private markets commitments at this week’s board meeting.
Action will see plan expand its emerging manager program target to $1 billion from $750 million.
The plan began searching for managers after increasing its target to the asset class.
The private commitments include two to new firms and one to an existing manager.
A teachers pension fund in the South has earmarked $630 million to real assets and private equity.
A Southern teachers pension plan approved two private markets commitments at a meeting this week.
A Southeastern state pension plan disclosed several new private commitments at a board meeting today.
