He will help manage collateralized loan obligations.
Foundation added venture capital, private credit and hedge fund commitments to its endowment earlier this month.
Plan made private equity and real estate commitments totaling approximately $250 million at this week’s meeting.
An education system in the South approved a private equity commitment with a new manager and a real estate credit commitment with an existing manager last month following a recommendation from its general investment consultant.
The plan expects to conduct the search as it looks to reduce its exposure to core real estate.
The plan approved private equity and credit commitments at today’s independent investment committee meeting.
Plan will schedule interviews with three direct lending managers after hearing a search report review this week.
Plan has issued a private debt RFP following approval at today’s board meeting.
Plan is seeking private credit managers to handle a new 3% allocation.
The transaction is expected to close in the second quarter.