Credit/Private Debt
The pension plan made $734.7 million in total private equity/current return commitments and $321 million in total real estate commitments in the third quarter.
The recently disclosed commitments consist of private equity, private credit and private infrastructure funds.
The pension plan has committed $70 million to a new credit manager relationship.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.
The plan also appears to have reissued its private markets consultant RFP.
The university is seeking an investment manager to take primary accountability for its private investment portfolio, which makes up 40% of its long-term investment portfolio.
The retirement fund also adopted a new long-term strategic asset allocation.
The plan will hear presentations from 12 total private credit finalists this month.
The plan approved a new long-term asset allocation that includes a maiden 4% target to private credit at its board meeting today.
The trust fund approved new international equity, private equity co-investment and a private credit secondaries investments during its board meeting last week.