Credit/Private Debt
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.
The plan approved $10 million in maiden private credit commitments at its September board meeting.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The firm has partnered with a financial technology company to launch a blockchain option within its private assets fund.
The foundation is considering a maiden alternatives allocation within its portfolio and weighing the addition of hedge fund, infrastructure and private debt investments to fund the allocation.
The plan added a $100 million direct lending commitment to an existing manager relationship.