Credit/Private Debt
The plan made up to $350 million in new private commitments over the last quarter.
The plan will conduct three manager searches in the next three to six months.
The plan disclosed a $200 million direct lending commitment earlier this month.
The plan added three private markets commitments with existing managers this month.
A Midwestern plan approved three commitments at its investment committee meeting last week.
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
The plan hired two emerging markets equity managers and approved three private markets fund commitments.
Plan disclosed $412.5 million in recent alternatives commitments.
The investments are the plan’s first in the private credit space.
The plan’s investment consultant is recommending discussions on areas such as real estate, infrastructure, private equity and direct lending.
