Credit/Private Debt
The alternative credit manager has closed its second collateralized fund obligation, which will invest in U.S. senior lending, junior capital and equity co-investments, just below $200 million.
The pension plan expects to conclude the search at its June 12 board of investments meeting.
The plan will consider a recommendation to conduct an RFP for one to two buyout/special situations fund commitments next year.
Institutional investors are bullish on private market investments as the rapid development of artificial intelligence technologies signals future growth in the economy despite looming geopolitical risks, according to a recent survey.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.
Private equity and credit stand poised to continue dominating nonprofit mandates for the next year to two years, according to a new study of outsourced cio providers.
The plan closed on private equity and private credit commitments totaling up to $85 million in early November.
The plan added $100 million across three new commitments this month.
The search will be conducted due to the upcoming contract expiration of incumbent Albourne.
The university is adding private credit and U.S. Treasury bond strategies to its portfolio after transitioning to a discretionary advisory relationship in the first quarter.