Credit/Private Debt
A Midwestern plan hired a currency overlay manager and added commitments totaling $508 million this month.
Plan will issue RFPs for private equity and private debt managers following approval this week.
The new hire is responsible for BGO’s U.S. debt business, including management of all core, core-plus and high-yield debt strategies.
A fund in the West disclosed it is committing to alternative credit, China A-Shares, venture capital fund-of-funds, venture capital and opportunistic fund managers at its board meeting this week.
The plan approved a new 4% target to the asset class last year.
A Texas-based pension plan made an emerging markets equity manager hire at this week’s investment committee meeting.
A Northwestern fund approved two fiscal year 2022 pacing plans this week.
The plan made its initial investment in private credit after approving the asset class last year.
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.
