Credit/Private Debt
Pacing plan is set for private equity, real assets, real estate and direct lending for 2023.
The plan terminated an approximately $799 million emerging markets equity mandate and made commitments with four existing managers and one new manager in September.
The plan disclosed an additional investment and two terminations at Friday’s meeting and recently saw the departure of its deputy cio.
The plan will issue an RFP for non-discretionary and discretionary services in January.
The plan disclosed recent private equity, real assets and private credit commitments made in the last five months.
The Iron Park team will be reorganized as General Atlantic Credit.
The plan made several commitments today, including two new relationships.
The plan approved two commitments at yesterday’s board meeting.
The plan is in the early stages of evaluating its long/short equity, absolute return and fixed-income credit portfolios.
KKR and Mubadala will co-invest across performing private credit opportunities in the Asia Pacific region.