The plan hired five multi-asset credit managers today as part of its previously approved return-seeking fixed-income structure.
The plan made private equity commitments totaling $60 million this week.
The incumbent submitted the sole proposal in response to the authority’s RFQ.
The plan committed $911 million total to a core real estate strategy and three buyout funds yesterday.
The plan increased its floating rate debt and real estate targets to 20% each in the third quarter.
The plan committed to a new private equity manager last week.
The duo will build, grow and manage Franklin Templeton’s partnerships with both existing and prospective institutional clients.
The plan approved criteria for its short-duration fixed-income manager search and made an opportunistic real estate commitment for pacing purposes last week.
The new policy will help the plan achieve its 6.5% assumed rate of return over the next 10 years.
The analyst will report to Director of Private Equity Allen Waldrop.