Credit/Private Debt
The plan made private equity and private credit commitments for pacing purposes.
The university disclosed follow-on private equity, venture capital and private credit commitments with existing managers within its long-term portfolio in the second and third quarters.
The commitment, initially approved by the investment committee late last month, represents a new relationship for the plan.
The pension plan made a private credit commitment to an existing manager relationship last week.
The retirement system approved a $35 million commitment to a middle market senior loan fund at its board meeting yesterday.
The fund approved the addition of an upper middle market direct lending manager as its general investment consultant viewed the strategy as complementary to existing managers in the portfolio.
The foundation committed an undisclosed amount as an anchor investment to a new private credit strategy focused on senior secured facilities, mezzanine facilities and participating capital and asset-backed loans.
The pension plan committed $10 million to an existing private equity manager relationship and approved a 2024 private markets pacing plan in May.
The search, which is open to direct lending strategies only, is for a manager to handle $10 million.
The plan’s real estate committee approved four commitments in August and its hedge fund committee terminated an existing mandate in July.
