Credit/Private Debt
The plan also made two private markets commitments today.
The plan is seeking separate account managers that can offer exposure to multiple credit asset classes.
The fund approved a maiden commitment to a private credit secondaries strategy during its August board meeting to take advantage of discounts in the credit secondaries market.
The search will be opened to high-yield corporate debt, leveraged loans, securitized credit and convertible bond strategies.
The plan’s incumbent has been serving in the role since 2017.
The pension plan’s investment committee added two $25 million commitments this week.
A state investment fund based in the Great Plains region will vote on a new commitment to a private credit secondaries vehicle.
An endowment fund based in a Southern state has slated interviews with five finalists in its direct lending manager search launched earlier this year.
The pension plan introduced a 2% target to real estate debt as part of a new asset allocation policy adopted last month.
A foundation based in the Mid-Atlantic region is looking to add a manager to help oversee its private market portfolios.
