Middle market private companies experienced year-over-year earnings and revenue growth of 11% each during January and February, according to a report from Golub Capital.
Plan intends to issue an RFP to seven to 10 firms in June after narrowing the universe to 15 potential candidates through screening.
Firm closed its inaugural Barings Innovation and Growth Real Estate Fund and associated vehicles with $680 million.
The plan added $120 million across two commitments with existing manager relationships in recent weeks.
The firm added a managing director to focus on consultant coverage across the U.S. and Canada.
Firm has promoted Donald Sanya to head of U.S. distribution.
The plan diversified its international equity portfolio by swapping a growth manager for a value manager this week.
The plan will revisit a proposed asset allocation that would incorporate a maiden private credit target at next month’s board meeting.
The new private credit head joins from First Republic Bank.
Firm has closed its eighth U.S. multifamily real estate value creation fund.