Credit/Private Debt
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.
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.