Credit/Private Debt
Plan added a $100 million commitment to a direct lending fund at the end of last week.
The plan will conduct seven manager searches beginning in January.
The plan hired two private debt managers at its board meeting yesterday and will consider making changes to its private equity portfolio next year.
Plan will see a firm for passive U.S. and non-U.S. equities, fixed-income and real assets investment management services.
The plan will receive two search book presentations at this week’s investment committee meeting.
Plan is seeking a firm to manage a customized multi-credit mandate with an initial range between $400 million and $1 billion.
He will be responsible for evaluating, executing, monitoring, originating and structuring the firm’s credit and royalty investments.
The plan has issued its RFP seeking a separate account manager to handle an approximately $750 million allocation.
Plan wrapped up a direct lending manager search with a $12 million commitment in September.
