Credit/Private Debt
Private credit consultant search follows the evolution of the plan’s non-core fixed-income portfolio.
The plan approved three private markets commitments at a meeting today following presentations from the firms.
The plan made private equity and infrastructure commitments this month and will consider a 2022 private markets pacing plan this week.
The plan is seeking its first dedicated non-discretionary private credit consultant.
The plan will look to commit $240 million to private debt this year.
A Rocky Mountain-based pension plan has hired five hedge fund managers following the termination of its sole hedge fund-of-funds manager.
The integreation bolsters BNPP AM’s private debt and real assets investment division.
A plan in Chicago will issue a private debt manager RFP in the coming months to fill out a maiden allocation approved last year.
The plan hired Aksia following a discretionary private credit advisor RFI and amended its annual pacing plan with discretionary private equity advisor Hamilton Lane.
The plan’s real estate committee made two commitments with existing managers and one commitment with a new manager last week.