The plan expects to conduct several manager searches in 2022.
The plan approved one private equity commitment today and will interview another manager next month.
MidOcean intends to leverage HPC’s capital and expertise to create new private equity and alternative credit franchises and add to its bench of talent.
The plan made three commitments totaling up to $32 million at its board meeting last week.
A Midwestern plan approved five commitments at its investment committee meeting last week.
Plan committed to a Stockholm-based buyout manager earlier this week.
The plan is set to commit a total of $200 million to private credit next year.
Plan disclosed recent private equity, credit, infrastructure and real estate commitments totaling approximately $1.2 billion.
The plan made a private equity commitment with an existing manager.
The new fund’s sole focus will be to grow value for its companies and limited partners.