The plan is seeking several managers to handle a yet-to-be-determined mandate.
The plan committed $100 million total to private equity and private credit and approved a 2023 private markets pacing plan this week.
The plan was notified of two credit commitments and a core real estate manager termination at yesterday’s board meeting.
The funds surpassed their respective fundraising goals.
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
He leads capital raising and investor partnerships in the Western U.S. region for the firm’s real estate platform.
The plan committed to a direct lending strategy today that will complement existing manager HPS Investment Partners.
The plan committed roughly $1.2 billion total to four new managers and two existing managers in October.
The plan will consider eliminating its global REITs allocation for liquidity purposes and disclosed a commitment to an existing infrastructure manager today.
He will join in February from Blackstone, where he serves as a senior managing director and coo of its credit division.