Credit/Private Debt
The pension plan approved three commitments totaling $175 million yesterday.
The retirement system made up to $250 million in private equity commitments among new and existing relationships.
The plan hired two firms after finalist interviews last week.
The university will review its asset allocation during an upcoming board meeting after pausing its plans to build out its private debt allocation.
The plan also approved a $50 million investment with a new manager within its public equity portfolio at its February board meeting.
The board also approved rehiring the investment consultant for its deferred compensation plan.
The pension plan received a private equity co-investment recommendation today.
The commitments include five new relationships for the plan.
The search has been expected as part of the plan’s 2024 private markets pacing plan.
The pension plan hired the manager as part of a new domestic equity structure.