A Midwestern employees pension plan concluded the first phase of an ongoing search with the hire of two multi-strategy and two mezzanine opportunistic credit managers at today’s board meeting.
The plan will move the assets into international equity and emerging markets equity.
The commitments satisfy the plan’s 2021 pacing schedule.
The plan disclosed several private markets commitments in February.
Plan has issued an RFP for general investment and private assets consulting services after postponing a previous search in 2018.
Plan retained both private credit and hedge fund consultants following a search conducted last year.
The plan hired two complementary managers for its infrastructure portfolio.
A California plan approved private equity and infrastructure commitments at yesterday’s board meeting.
A Midwestern pension plan liquidated its sole Master Limited Partnerships mandate at an investment committee meeting yesterday.