Credit/Private Debt
Private equity and credit stand poised to continue dominating nonprofit mandates for the next year to two years, according to a new study of outsourced cio providers.
The plan closed on private equity and private credit commitments totaling up to $85 million in early November.
The plan added $100 million across three new commitments this month.
The search will be conducted due to the upcoming contract expiration of incumbent Albourne.
The university is adding private credit and U.S. Treasury bond strategies to its portfolio after transitioning to a discretionary advisory relationship in the first quarter.
The firm underperformed for two consecutive calendar quarters.
The pension plan will liquidate its $227.5 million timber mandate and $106.4 million farmland mandate due to underperformance.
The pension plan recently committed to an existing credit manager.
The search is open to fund-of-funds, co-investments and private debt strategies.
The commitments total $850 million to existing relationships.