Credit/Private Debt
The plan disclosed several private markets commitments in February.
A Rocky Mountain pension plan terminated its hedge fund-of-funds manager following a ten-year forward looking asset allocation study.
The largest change was a 5% reduction to the plan’s multi-sector credit allocation.
Plan has issued an RFP for general investment and private assets consulting services after postponing a previous search in 2018.
Plan retained both private credit and hedge fund consultants following a search conducted last year.
The plan amended its strategic asset allocation targets and added a new asset class at a meeting today.
The plan approved a $100 million commitment on March 22.
Plan decided against a commitment after the two sides failed to negotiate a contract.
The plan made two private debt hires for pacing purposes this week.
A recent survey finds that endowments and foundations expect to continue increasing their allocations to alternative investments.