Private Equity
Plan made commitments to eight existing managers and one new manager last month.
Plan’s new global credit manager will handle an approximately $700 million mandate.
The plan made a $20 million commitment at its special meeting yesterday and anticipates making annual commitments to additional funds moving forward.
Plan added a $15 million commitments the first of five total to be proposed in 2022.
Plan added a secondaries commitment to its portfolio this week.
Plan’s decision to move all of its fixed-income assets in-house will reduce its annual fees.
The commitments include three first-time investments.
The fund will identify and pursue private credit opportunities in the U.S. and Canada.
Commitment represents a new relationship for the plan.
The institution made the bevy of commitments with existing managers within its long-term portfolio between October and January.