Credit/Private Debt
Plan will take a deep dive of the international equity space for potential options after placing a EAFE value firm on watch today.
Plan is seeking one to three global ex-U.S. equity managers and agreed to restructure its opportunistic and alternative fixed-income portfolios this month.
Two firms will vie for a new private credit mandate.
Plan will interview three finalists in a search to fill a $20 million allocation next month.
Plan’s private equity and real estate committees considered adding three commitments totaling $170 million last week.
Plan hired a new fixed-income manager to handle an initial $350 million mandate and disclosed six other commitments last month.
Plan made asset allocation changes in an effort to move closer to its long-term policy and disclosed four commitments today.
Plan will issue the RFP next month on its general investment consultant’s website.
Plan is seeking private debt managers to each handle an up to $100 million mandate and approved new asset allocation policies last week.
Plan terminated its passive fixed-income manager to improve historical risk-adjusted performance.
