Credit/Private Debt
Despite macroeconomic headwinds, a new survey finds institutional investors remain optimistic in 2024 and are bullish on private equity and private credit.
The searches result from a new strategic asset allocation.
The fund closed with $2.3 billion in total investor commitments, exceeding its $2 billion target.
The search will not include the plan’s two incumbent firms.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The plan also received a private credit pacing plan at its meeting yesterday.
The retirement system made commitments to one firm for private equity and private debt.
Six foundations were among 16 early investors to commit to a Western investment manager’s second private credit fund, which aims to provide U.S. farmers with tailored loans.
The firm has expanded its platform to the Middle East with the appointment of a managing director and head of middle east distribution.
Funding for the new domestic small-cap growth mandate comes from a passive investment with RhumbLine Advisers.