Credit/Private Debt
He will support the European private credit manager’s international expansion in North America.
A Midwestern plan approved an investment with an existing passive domestic equity manager and a distressed debt commitment this month.
Plan will conduct a search for high-yield fixed-income managers due to impending contract expirations and hired a new general investment consultant.
Plan is seeking up to two managers to handle a roughly $190 million mandate after approving the RFP last week.
The new hires include a head of infrastructure debt, an infrastructure debt principal and a head of operational and strategic support.
Plan expects to issue an RFP for multi-asset credit strategies next week following approval at its board meeting today.
The plan considered four real estate investment recommendations last month.
They will expand the firm’s private asset-based finance investment strategy.
The plan disclosed two private markets commitments in May.
The plan added a private credit commitment with an existing manager and named its new executive director today.
