Credit/Private Debt
The plan begins a new search and wraps up an existing one.
A foundation based in the Midwest added a private debt allocation and reclassified two investments under the asset class last year.
The plan eliminated a nearly $300 million frontier markets equity portfolio and made commitments of more than $2.1 billion in the fourth quarter.
The fund is seeking firms to handle a portfolio of private placement corporate bonds as well as securitized credit investments.
The plan’s discretionary private credit advisor will look to commit $500 million annually to private credit.
The plan made commitments of $10 million each in private credit and multi-family housing at its meeting today.
A university in New England completed its organizational and investment restructuring plan more than a year ahead of its planned schedule.
The plan approved commitments to private credit and non-core real estate at a meeting today.
The plan will hear from two private markets firms at its meeting next month after approving the pacing plan today.
A Mid-Atlantic pension plan approved a 2021 private markets pacing plan at today’s board meeting.