Credit/Private Debt
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
Plan will review proposed 2023 pacing plans for four portfolios at Thursday’s board meeting.
The plan retained two managers based on the recommendation of its general investment consultant.
The plan disclosed several new private markets commitments in its December board meeting materials.
The commitments, which span real estate credit and private equity, include two new relationships.
The plan committed to a direct lending strategy today that will complement existing manager HPS Investment Partners.
The plan committed roughly $1.2 billion total to four new managers and two existing managers in October.
The plan added a $10 million real estate credit commitment at an October board meeting.
The plan committed $8 million each to a private equity fund-of-funds and a managed income strategy in October.
The trust company is looking to commit $150 million to $625 million annually to alternative assets, including alternative fixed-income, hedged equity and private debt, within its endowment.