Credit/Private Debt
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.
The plan will issue an RFP seeking a maiden private credit consultant next month following approval today.
Plan’s investment committee approved a commitment to the most recent fund with an existing relationship.
The plan added a second firm to its emerging manager program and continued to build out its private credit portfolio.
The plan made three commitments in closed session at this week’s board meeting.
Plan will issue an RFP moving forward after approving a new global credit allocation last week.
The plan approved two private markets commitments after deliberations in closed session.
The plan approved a follow-on commitment with a European direct lending manager.
