Credit/Private Debt
The plan will hear presentations from existing managers’ new fund offerings.
Plan committed a total of $80 million between two direct lending commitments in December.
A fund based in the Great Plains region approved credit and direct lending commitments with existing investment managers that created new investment vehicles at its recommendation.
The plan disclosed ten commitments totaling almost $1 billion at its board meeting last week.
The plan’s full board approved new commitments to existing private markets managers at its meeting last week.
A Southern state plan will conduct a manager search as part of a newly approved global equity structure.
The plan approved credit and real assets commitments with potentially new managers.
Plan concluded recent private equity and private debt searches with a pair of commitments to each asset class.
One will focus on commercial mortgage-backed securities and the other will focus on commercial real estate.
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.
