Credit/Private Debt
The plan and its general investment consultant will present private credit search criteria for approval next month.
Plans added roughly $43.5 million in commitments across five funds this week.
The plan disclosed three new private commitments at its board meeting today.
The firm’s new CLO strategy will offer investors access to six different alternative credit strategies.
The new liquid multi-sector manager will handle a roughly $375 million mandate for the plan.
The plan made commitments to two new funds offered by existing managers.
The plan approved the search today due to underperformance from it its incumbent bank loan manager.
LAM will acquire a non-controlling financial interest in Hildene.
The plan added two commitments with new and existing managers yesterday.
The plan made a credit commitment with a new manager and approved 2022 pacing plans yesterday.
