Credit/Private Debt
The plan will consider three pacing plans at its board meeting this week and recently added a private equity commitment with an existing manager.
The plan introduced a 5% target to private debt and restructured its U.S. fixed-income and both U.S. and non-U.S. equity portfolios last week.
The plan added two commitments totaling up to $80 million in the first quarter.
The commitment appears to represent a new relationship for the plan.
The recommended changes include introducing a 5% target to private debt and restructuring the plan’s U.S. fixed-income and both U.S. and non-U.S. equity portfolios.
The asset class will represent a new investment for the plan.
The plan discussed three commitments last quarter totaling $75 million.
The plan approved commitments to two existing managers.
The manager will handle a new 3% long Treasury target allocation.
The plan added two core-plus fixed-income managers to the portfolio and made 11 alternatives commitments in the first quarter.