Credit/Private Debt
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.
The plan disclosed various recent private markets commitments at its board meeting today.
The university approved adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and its first private debt manager as it looks to build out its allocation to the asset class.
The plan hired a new manager in its bank loan search after interviewing three finalists today.
He will oversee the firm’s $11.4 billion private credit offering and its $1.7 billion asset finance business.
The fund will create a portfolio biased toward shorter-duration exposures.
Plan placed its domestic mid-cap growth equity manager on watch due to an impending portfolio manager retirement.
The plan committed $130 million total to four existing managers and one new manager in June.
The plan increased its private credit target and added a commitment within the non-core fixed-income portfolio yesterday.