Credit/Private Debt
The plan removed a manager structure constraint for its return-seeking fixed-income portfolio and approved a value-add real estate commitment with an existing manager this month.
The plan is set to receive pacing plans for private equity, real assets and credit this week.
The plan hired two firms to provide alternative asset consulting at its board meeting last week.
The plan will also target more $720 million to alternative funds in 2023.
The plan is searching for a private credit/debt consultant and will lose a team member of 30 years and head of its fixed-income and global income strategies since 2000 to retirement.
The university approved a private credit commitment within its endowment last month that appears to represent a new relationship.
Plan is looking for a firm to fill out its unfunded 5% target to private debt.
The plan committed $10 million to an existing real estate manager last month.
The plan will issue the RFP after making its first investment in the asset class.
The plan also disclosed private equity, real estate and strategic investments from the third quarter.