Credit/Private Debt
The plan agreed to conduct an international large-cap equity manager search and broaden its emerging market debt allocation at today’s board meeting.
The plan made commitments to one new manager and existing managers.
He supports all aspects of the decision-making process of the private credit team, including sourcing, structuring, performing due diligence and negotiating investment opportunities.
A fund based in a Western state approved a new commitment to a private equity manager as it shifts its portfolio toward illiquid allocations.
The plan is considering committing $700 million in commitments to five private market firms.
The CPP Investments President and CEO has overseen the credit investments team since 2018.
The plan will discuss private credit options as well as asset mixes at its August meeting.
A trust fund in a Midwestern state approved the commitments during its board meeting last week.
The plan is looking to invest in opportunistic credit, which would be a new asset class.
The plan hired three international small-cap equity managers and moved from a domestic large-cap value manager to a large-cap core strategy in the first quarter.