Credit/Private Debt
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.
The plan expects that the selected firm will handle an up to $20 million mandate.
The plan has issued an RFP for direct lending strategies as it is currently underweight to private debt.
Plan will launch its RFPs for both private equity and private debt managers in the coming days.
The commitments satisfy the plan’s 2021 and 2022 private credit pacing schedules.
A Midwestern plan has disclosed a private credit commitment with an existing manager.
Plan is seeking private credit management services for a $30 million to $65 million allocation.
The plan approved changes to its asset allocation at a board meeting today.
