Credit/Private Debt
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.
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.