Credit/Private Debt
The plan has issued its RFP seeking a separate account manager to handle an approximately $750 million allocation.
Plan wrapped up a direct lending manager search with a $12 million commitment in September.
Institution announced a recent $500 million investment with a New York-based manager.
The plan is set to commit a total of $200 million to private credit next year.
The plan has created a new target to direct lending as part of a new asset allocation policy.
Plan disclosed recent private equity, credit, infrastructure and real estate commitments totaling approximately $1.2 billion.
The commitments totaled $160 million, including with two new managers.
The plan committed $200 million to a fund-of-one primarily investing in regulatory capital relief transactions.
The plan invested in private debt for the first time.
The fund is searching for firms to manage portfolios consisting of private equity, credit and/or real estate.