Credit/Private Debt
The search, which is open to direct lending strategies only, is for a manager to handle $10 million.
The plan’s real estate committee approved four commitments in August and its hedge fund committee terminated an existing mandate in July.
The fund will consider adding an upper middle market direct lending strategy to its portfolio as part of its buildout of some illiquid asset classes.
The fund expects to receive recommendations to add new multi-strategy hedge fund and international equity managers to its portfolio this month after making a private credit commitment at the end of the third quarter.
The plan’s investment committee will recommend the commitment to the full board at an upcoming meeting.
The pension plan committed $130 million total to two managers yesterday.
The pension plan’s investment committee approved private credit and infrastructure commitments last week.
The plan approved a private equity commitment at today’s meeting.
The fund is slated to consider adding a new private credit manager to its portfolio at its board meeting this week as it is underweight its target to the asset class by more than $300 million.
The university approved adding long/short credit and venture capital commitments with new investment managers at its September board meeting.