The plan made commitments to two new funds offered by existing managers.
The plan approved the search today due to underperformance from it its incumbent bank loan manager.
LAM will acquire a non-controlling financial interest in Hildene.
The plan added two commitments with new and existing managers yesterday.
The plan made a credit commitment with a new manager and approved 2022 pacing plans yesterday.
The plan made two buyout commitments this month and approved a 2022 private markets pacing plan in January.
The plan rehired the manager today following interviews with two other finalists.
The plan has concerns with the manager’s performance and liquidity.
The plan is set to discuss private equity, infrastructure and private debt in either March or April.
Plan staff and the general consultant expect to provide educations on private debt and infrastructure in the second half of the year.