Credit/Private Debt
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.
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
Plan will review proposed 2023 pacing plans for four portfolios at Thursday’s board meeting.
The plan retained two managers based on the recommendation of its general investment consultant.
The plan disclosed several new private markets commitments in its December board meeting materials.