Credit/Private Debt
The plan will see its overall private markets target increase to 40% from 33%.
The plan was slated to interview managers in late 2023 following approval of a new target asset allocation.
The plan eliminated two hedge fund investments and will redistribute the funds to increased allocations with other portfolio managers.
The plan interviewed a total of three firms last month.
The pension plan will review its domestic core fixed-income manager search at an April 26 board meeting and selected a new executive director last month.
The plan’s upcoming search will not include its incumbents.
The pension plan approved three commitments totaling $175 million yesterday.
The retirement system made up to $250 million in private equity commitments among new and existing relationships.
The plan hired two firms after finalist interviews last week.
The university will review its asset allocation during an upcoming board meeting after pausing its plans to build out its private debt allocation.
