Credit/Private Debt
A Midwestern pension plan concluded its private credit search at today’s board meeting.
The fund has invested or committed to invest approximately 70% of its capital in a mix of opportunities across geographies, sectors and asset classes.
The plan will also create a 5% private debt target as part of a new asset allocation.
The plan also made two private markets hires earlier this year.
Plan is mulling a new allocation to global credit as part of a review of its fixed-income portfolio.
Plan approved a $10 million investment in an agricultural REIT strategy this week.
The plan does not have dedicated managers to either asset class.
A Mid-Atlantic plan disclosed a recent credit commitment at today’s investment advisory committee meeting.
Plan added a $100 million commitment to a direct lending fund at the end of last week.
