Credit/Private Debt
The plan is considering commitments to four private equity funds and one credit strategy.
One of two private credit commitments approved earlier this year has failed in negotiations.
The plan is seeking a firm to provide fiduciary investment advisory services.
A total of three funds were hired as part of a private credit pacing plan.
Retirement fund made real estate debt and private equity commitments at the end of the third quarter.
The commitments include private credit, infrastructure, farmland and real estate.
The commitments to three firms represent new relationships.
The interviews follow searches conducted after approval of a new asset allocation mix this year.
The state investment management board is searching for a long-only separate account manager for the asset class.
Direct lending would represent a new strategy for the plan.