Credit/Private Debt
Plan is searching for a multi-asset credit manager to fill a maiden allocation to the asset class.
The firm named its managing director for originations as head of responsible investment strategy last month to oversee ESG integration throughout its investment process and define its responsible investment strategy and initiatives.
The firm announced promotions for several members of its investment team, including a principal being named managing director and two v.p.s being named principals.
The plan made a $25 million re-up with an existing fund at its investment committee meeting this week while also opting to rescind a private debt commitment due to delays in deploying capital.
The plan increased its target allocations to credit and hedge funds last month and recently approved three commitments totaling $125 million.
The plan committed $10 million to an existing real estate debt manager yesterday.
The plan voted to issue an RFP for the services due to the upcoming contract expiration of one of its providers.
The commitments represent new relationships for the plan.
Plan selected a maiden private credit consultant following finalist interviews held this week.
The plan committed a total of $350 million across two commitments at today’s meeting.