Credit/Private Debt
The plan disclosed 14 recent commitments and an equity manager termination.
The plan is likely to introduce a 5% allocation to the new strategy.
The plan received an education into private credit at its board meeting yesterday and will have further discussions in the fall.
The plan will look to add an open-end fund this year before building out the portfolio with closed-end funds.
The plan made commitments to three existing managers and investments with three developed markets equity managers.
The plan committed a total of $45.5 million last month.
The plan redeemed an absolute return investment and disclosed five private markets commitment.
The plan concluded two manager searches this week.
Investors are planning to increase their allocations to private markets to capture higher returns with the help of external partners like outsourced cios.
The terminations stem from a completed domestic equity restructuring.
