Credit/Private Debt
The plan added $100 million across three new commitments this month.
The search will be conducted due to the upcoming contract expiration of incumbent Albourne.
The university is adding private credit and U.S. Treasury bond strategies to its portfolio after transitioning to a discretionary advisory relationship in the first quarter.
The firm underperformed for two consecutive calendar quarters.
The pension plan will liquidate its $227.5 million timber mandate and $106.4 million farmland mandate due to underperformance.
The pension plan recently committed to an existing credit manager.
The search is open to fund-of-funds, co-investments and private debt strategies.
The commitments total $850 million to existing relationships.
The fund expects to hear recommendations on adding private credit, venture capital and public fixed-income managers over the next quarter and a half.
The retirement fund is seeking multiple managers to handle approximately $350 million in assets.
