Credit/Private Debt
The pension plan’s investment committee approved private credit and infrastructure commitments last week.
The plan approved a private equity commitment at today’s meeting.
The fund is slated to consider adding a new private credit manager to its portfolio at its board meeting this week as it is underweight its target to the asset class by more than $300 million.
The university approved adding long/short credit and venture capital commitments with new investment managers at its September board meeting.
The foundation amended its asset allocation policy, removing its allocation to special purpose acquisition company assets, and added several commitments within its endowment during its second quarter investment committee meeting.
The commitments include maiden investments in private credit.
The pension plan will conduct two manager searches after approving a fiscal year 2024 real assets investment plan.
The search follows the addition of a maiden 3%, or $350 million, target to the asset class in March.
The university will consider adding long/short credit and venture capital commitments with new investment managers at its board meeting this week.
The plan committed $30 million to a follow-up fund at a meeting yesterday.