Credit/Private Debt
The pension plan approved three commitments with an existing manager relationship last week.
The plans approved commitments with two existing manager relationships last week.
The search is for senior direct lending managers.
The pension plan will consider hiring one firm to provide hedge fund, credit and real assets consulting services next week.
The plan began a search in April that excluded its two incumbent managers.
The commitments were made under the plan’s delegated authority.
The commitments were made in closed session at this week’s board meeting.
The plan made three credit-focused commitments with existing manager relationships.
The plan initially received an education on the asset class in April.
The plan will conduct a private debt search focusing on European special situations strategies and made two commitments totaling $50 million this week.