Credit/Private Debt
The plan added $15 million in follow-on commitments across two funds in March.
Plan re-upped with another commitment to an existing real estate manager.
The plan approved a private equity commitment and was informed of staff-delegated investments this week.
The plan will include its two incumbent international value equity managers in a search to review the asset class universe.
The plan committed to new funds with two existing managers.
The plan’s incumbent consultant was first hired in 2015.
The plan discussed a commitment at its March investment committee meeting and will further review the recommendation later this month.
The plan replaced its passive TIPS mandate with BlackRock and committed to a new credit manager last month.
The plan recently committed approximately $2.2 billion total to nine funds.
The plan will revisit a proposed asset allocation that would incorporate a maiden private credit target at next month’s board meeting.