Credit/Private Debt
The plan committed $12 million total to its new private equity and private credit asset classes.
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.