Credit/Private Debt
The endowment will call a special meeting to select a firm in its U.S. direct lending manager search after eliminating one firm from a pool of candidates at its board meeting last month.
The plan committed to two private credit funds at a board meeting last week.
The plan also made two private markets commitments today.
The plan is seeking separate account managers that can offer exposure to multiple credit asset classes.
The fund approved a maiden commitment to a private credit secondaries strategy during its August board meeting to take advantage of discounts in the credit secondaries market.
The search will be opened to high-yield corporate debt, leveraged loans, securitized credit and convertible bond strategies.
The plan’s incumbent has been serving in the role since 2017.
The pension plan’s investment committee added two $25 million commitments this week.
A state investment fund based in the Great Plains region will vote on a new commitment to a private credit secondaries vehicle.
An endowment fund based in a Southern state has slated interviews with five finalists in its direct lending manager search launched earlier this year.