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.
A foundation based in the Midwest added minority-owned global equity and private equity managers during its finance and investment committee meeting last week.
He will help the firm evaluate investment opportunities, assist in validating investment theses and serve on the board of portfolio companies.
He will oversee all finance, accounting, tax, technology and operational areas of the New York-based firm.
The commitments totaled $160 million, including with two new managers.
The fund is searching for firms to manage portfolios consisting of private equity, credit and/or real estate.
The plan committed $100 million to a buyout fund at its meeting last week.