The Northeastern plan will issue an RFP “to see what else is out there.”
Retirement will see the emerging market debt strategy’s co-portfolio manager take on the responsibility solely.
A fund in the Midwest approved two credit commitments at its December board meeting in a shake-up of its fixed-income portfolio.
Plan will seek private credit portfolio manager and syndicated bank loan managers in the first quarter.
The plan will target three private credit funds each year for the next three years.
A Mid-Atlantic plan disclosed $500 million in recent private markets commitments at this week’s board meeting.
Action will see plan expand its emerging manager program target to $1 billion from $750 million.
The plan began searching for managers after increasing its target to the asset class.
They previously served at BlackRock and Park Square.
The private commitments include two to new firms and one to an existing manager.