Credit/Private Debt
The system is seeking investment consulting services across investment practices and performance as well as general investment and alternatives asset classes.
A state-sponsored endowment based in the South is looking to commit direct lending commitments to one or more managers.
The pension plan will conduct a search for its in-state private markets program and also recently hired a high-yield fixed-income manager.
Despite macroeconomic headwinds, a new survey finds institutional investors remain optimistic in 2024 and are bullish on private equity and private credit.
The searches result from a new strategic asset allocation.
The fund closed with $2.3 billion in total investor commitments, exceeding its $2 billion target.
The search will not include the plan’s two incumbent firms.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The plan also received a private credit pacing plan at its meeting yesterday.
The retirement system made commitments to one firm for private equity and private debt.
