Credit/Private Debt

Plan will conduct an RFP for multi-asset credit managers later this year as the result of asset allocation changes that also include a maiden private debt target approved at today’s board meeting.

The plan approved a new asset allocation as well as new index fund providers at a board meeting today.

He supports all aspects of the decision-making process of the private credit team, including sourcing, structuring, performing due diligence and negotiating investment opportunities.

A fund based in a Western state approved a new commitment to a private equity manager as it shifts its portfolio toward illiquid allocations.