Credit/Private Debt
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.
The commitment will fit into the debt-related special situations bucket of the plan’s private equity portfolio.
The fund is looking for multi-family real estate specialist managers as it looks to transition some of its portfolio’s overweight industrial exposure to multi-family real estate.
The hires conclude a search first approved in June.
The plan committed $100 million total to private equity and private credit and approved a 2023 private markets pacing plan this week.
The plan was notified of two credit commitments and a core real estate manager termination at yesterday’s board meeting.
Private assets, ESG and Chinese equity will help endowments and foundations garner strong returns over the long term without missing opportunities in the short term, according to a new report.
Plan added three commitments totaling $310 million at this week’s board meeting.
