Credit/Private Debt
The fund will invest in subordinated debt investments as well as senior secured debt.
The plan recently made commitments with nine existing managers and one new manager.
The strategy will invest across the capital structure in both debt and equity in sports, media and entertainment companies.
The portfolio manager will help manage the firm’s CLO and structured credit solutions.
The partner will lead the firm’s special opportunities activities in Europe as a member of its private equity group.
The plan made private credit, private equity and real estate commitments at recent investment committee meetings.
The plan hired two firms that will target emerging and diverse private equity, real estate and private credit managers.
The plan committed $12 million total to its new private equity and private credit asset classes.
The plan disclosed various private markets commitments at its board meeting last week.
The plan will interview two firms next month to handle nearly $200 million.