Credit/Private Debt
Plan is searching for direct lending strategies to handle $20 million.
Structured credit has begun to garner headlines for the protection it can provide investors against rising rates, however, the accompanying nuances require significant expertise among both managers and allocators, industry experts say.
Plan added a 5% target to private debt at the expense of emerging market debt.
He will oversee Vector Credit’s marketing and investor relations activities.
Plan is seeking private lending managers to handle $60 million.
Investments are part of the fund’s pacing plan to increase its private equity and private credit allocations over the next several years.
The new semi-liquid multi-sector manager will handle a roughly $250 million mandate for the plan.
Plan added a pair of direct lending commitments totaling $250 million and a $76.4 million European real estate commitment.
Plan switched domestic small-cap value equity managers in the first quarter.
The acquisition broadens First Eagle’s credit capabilities, the firm said.
