Credit/Private Debt
The pension plan expects to commence the contract on Nov. 19.
The university disclosed follow-on credit, infrastructure and real estate commitments made between October and April within its long-term portfolio.
The plan also terminated a bank loan manager at its March board meeting.
The pension plan approved a credit commitment with an existing manager relationship last month.
The plan awarded more than $3 billion to international equity and credit managers.
The pension plan liquidated its approximately $1.9 billion global equity mandate and made commitments totaling $1.6 billion in March.
The commitments include a new manager relationship for the plan.
The retirement system opted to pursue entering a contract with a new private debt fund after failing to come to an agreement with a previous selection.
The firm closed its latest flagship private market fund with nearly $4 billion in commitments from nonprofits and other institutional investors globally.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.
