Credit/Private Debt
The commitments include two new relationships for the council.
The plan is considering follow-on commitments to eight existing managers.
The plan expects to conclude the search process in the third quarter.
The plan disclosed $183.5 million in recent private equity, private credit and real assets commitments this week.
The plan committed $175 million total to two existing managers last week.
The plan made private markets commitments totaling $44.6 million and approved a 2023 pacing plan last month.
Plan will review a maiden allocation later this month after hearing an education on the asset class last week.
The plan made commitments to existing relationships, added a new credit manager and approved the hire of a new public markets consultant at its Feb. 16 meeting.
The plan committed to a new credit manager earlier this month.
The new asset allocation introduces private credit and infrastructure asset classes.