Credit/Private Debt
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.
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.