Alternatives
The firm hired a head of ESG to develop an ESG strategy and standardize and enhance its ESG strategies.
The Midwest-based firm has promoted three principals to managing director and two directors to principals, while hiring a new principal to deploy a strategy that aims to partner with management leaders in sectors to identify, acquire and build market-leading companies.
The firm closed its inaugural special situations fund with over $85 million in commitments from new and existing institutional investors after beginning fundraising in late 2021.
Plan is looking for a firm to fill out its unfunded 5% target to private debt.
The plan added a re-up commitment to an existing relationship.
The plan will issue a general investment consultant RFP due to an upcoming contract expiration and conduct an asset allocation study to consider eliminating its risk parity asset allocation.
The private credit fund focuses on asset-backed investments.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The plan, which launched an invitation-only search this year, will make a decision next week.
The firm has partnered with a financial technology company to launch a blockchain option within its private assets fund.