Plan is surveying the market for private credit and credit-related consulting services due to the evolution of its non-core fixed-income portfolio.
The plan disclosed new private equity, credit, portable alpha and real estate commitments at a meeting today.
Plan added infrastructure and private equity buyout commitments at today’s meeting.
Plan hired a new emerging market debt manager to handle a $10 million allocation today.
Plan will seek one core firm and one core-plus bond manager to split a proposed long-term target of 24% to the overall asset class.
Three new commitments totaled up to $115 million for the plan.
Plan added $101 million in private equity commitments last week.
Plan is searching for direct lending strategies to handle $20 million.
Search is due to plan’s rotating schedule for bidding out vendor services.
Plan terminated one of two MLP managers to fund a recent real asset commitment.