Credit/Private Debt
The commitments include two first-time managers for the plan.
The pension plan made private markets commitments totaling $16.25 million last month and will consider a 2024 pacing plan this week.
The commitments were made under the discretion of staff.
The plan received private debt and private equity pacing plans at its investment committee meeting this week.
The search follows asset allocation changes approved in 2023.
The RFP will be issued next month as part of a private markets pacing plan.
The foundation added private equity, private credit and international developed markets equity strategies to its portfolio in the second half of 2023.
The searches are for international small-cap equity, emerging markets equity, real estate, private equity and private debt managers.
The commitment is part of the plan’s new portfolio structure, which introduced a 5%, or roughly $500 million, private debt target allocation in November.
The plan also named finalists in its private credit manager search.
