Credit/Private Debt
Plan committed $100 million total to a new credit manager and an existing real estate manager yesterday.
The plan will hear presentations on three private debt managers next month.
Plan will take a deep dive of the international equity space for potential options after placing a EAFE value firm on watch today.
Plan is seeking one to three global ex-U.S. equity managers and agreed to restructure its opportunistic and alternative fixed-income portfolios this month.
Two firms will vie for a new private credit mandate.
Plan will interview three finalists in a search to fill a $20 million allocation next month.
Plan’s private equity and real estate committees considered adding three commitments totaling $170 million last week.
Plan hired a new fixed-income manager to handle an initial $350 million mandate and disclosed six other commitments last month.
Plan made asset allocation changes in an effort to move closer to its long-term policy and disclosed four commitments today.
Plan will issue the RFP next month on its general investment consultant’s website.