Credit/Private Debt
The commitments include two first time managers for the plan.
The plan is watching two absolute return managers due to concerns related to turnover and portfolio construction.
The plan concluded its domestic small- to mid-cap equity manager search and made private markets commitments last week.
The plan approved a $10 million commitment at its Dec. 1 board meeting.
The plan will consider hiring five multi-asset credit managers and terminating five existing managers.
The plan will launch a credit manager RFP next month to fill a maiden allocation to the asset class.
The plan added commitments totaling $45 million in the last several months.
The plan will first issue RFPs for global infrastructure and tactical asset allocation managers.
The plan will begin a search for core fixed-income managers next month.
The plan committed $910 million total to one new manager and two existing managers this week.