The foundation hired a private credit manager and made commitments to two existing private equity managers during the first quarter.
Plan made commitments to eight existing managers and one new manager last month.
Plan’s new global credit manager will handle an approximately $700 million mandate.
Plan’s decision to move all of its fixed-income assets in-house will reduce its annual fees.
The commitments include three first-time investments.
The plan hired one firm to handle both general investment and alternatives consulting services.
The plan will pick up discussions on private credit next month after making maiden private equity commitments in March.
The commitments include two new relationships for the plan.
The plan approved new credit, venture capital and real estate commitments as well as several changes to its target asset allocation last week.
The plan made commitments across private equity, private credit and real estate as part of its annual pacing plan.