Credit/Private Debt
Plan is surveying the market for private credit and credit-related consulting services due to the evolution of its non-core fixed-income portfolio.
The plan disclosed new private equity, credit, portable alpha and real estate commitments at a meeting today.
Credit and venture capital commitments were made with three existing managers yesterday.
Plan will seek one core firm and one core-plus bond manager to split a proposed long-term target of 24% to the overall asset class.
Plan is searching for direct lending strategies to handle $20 million.
Structured credit has begun to garner headlines for the protection it can provide investors against rising rates, however, the accompanying nuances require significant expertise among both managers and allocators, industry experts say.
Plan added a 5% target to private debt at the expense of emerging market debt.
He will oversee Vector Credit’s marketing and investor relations activities.
Plan is seeking private lending managers to handle $60 million.
Investments are part of the fund’s pacing plan to increase its private equity and private credit allocations over the next several years.
