Credit/Private Debt
The commitments conclude an RFP process and were made for pacing purposes.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The plan swapped out an underperforming international equity manager at a meeting this week.
The plan disclosed new private equity, credit and real estate commitments at a board meeting today.
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.