Credit/Private Debt
The finalists will present their middle market private credit strategies next month.
The plan will hire an additional firm in August as part of its multi-asset credit search.
An education system based in a Southern state has approved new investments to hedge fund, credit and real estate strategies.
The three new commitments will total up to $130 million following approval from the full board later this month.
The plan liquidated its inhouse passive global equity mandate and made $1.6 billion in total commitments in April.
The university approved distressed debt and private equity commitments with existing managers within its endowment at its May investment committee meeting.
The foundation approved new allocations to private debt, real estate and fixed-income strategies in the first quarter.
The commitments include two new relationships for the plan.
The plan committed $90 million total to new and existing manager relationships yesterday.
The plan made private credit commitments after presentations in closed session.