Credit/Private Debt
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.
The trust fund will consider active management for U.S. small-cap and international developed markets equities.
Foundation added venture capital, private credit and hedge fund commitments to its endowment earlier this month.
Plan made private equity and real estate commitments totaling approximately $250 million at this week’s meeting.
An education system in the South approved a private equity commitment with a new manager and a real estate credit commitment with an existing manager last month following a recommendation from its general investment consultant.
The plan expects to conduct the search as it looks to reduce its exposure to core real estate.
