Credit/Private Debt
The fund expects to receive recommendations to add new multi-strategy hedge fund and international equity managers to its portfolio this month after making a private credit commitment at the end of the third quarter.
The plan’s investment committee will recommend the commitment to the full board at an upcoming meeting.
The pension plan committed $130 million total to two managers yesterday.
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.
