Credit/Private Debt
Plan’s private equity and real estate committees considered adding three commitments totaling $170 million last week.
Plan hired a new fixed-income manager to handle an initial $350 million mandate and disclosed six other commitments last month.
Plan made asset allocation changes in an effort to move closer to its long-term policy and disclosed four commitments today.
Plan will issue the RFP next month on its general investment consultant’s website.
Plan is seeking private debt managers to each handle an up to $100 million mandate and approved new asset allocation policies last week.
Plan terminated its passive fixed-income manager to improve historical risk-adjusted performance.
Plan staff is seeking board approval of direct lending and core-plus real estate commitments this week.
Commitments to private credit and private equity made at today’s board meeting total $60 million.
Commitments to two existing managers totaled $80 million.
Plan rejected the commitment after receiving additional information about the firm’s ongoing litigation yesterday.
