Credit/Private Debt
The plan will also target more $720 million to alternative funds in 2023.
The plan is searching for a private credit/debt consultant and will lose a team member of 30 years and head of its fixed-income and global income strategies since 2000 to retirement.
The university approved a private credit commitment within its endowment last month that appears to represent a new relationship.
Plan is looking for a firm to fill out its unfunded 5% target to private debt.
The plan committed $10 million to an existing real estate manager last month.
The plan will issue the RFP after making its first investment in the asset class.
The plan also disclosed private equity, real estate and strategic investments from the third quarter.
The plan will begin with a mid-cap growth equity manager search in January.
The funds target investments in late- and mid-stage growth companies.
The private credit fund focuses on asset-backed investments.
