Credit/Private Debt
The firm has also hired a new private credit head and senior private credit analyst to oversee the group.
The plan is swapping domestic small- to mid-cap value equity managers this month and will have further discussions on direct lending at its February board meeting.
Iron Park manages $3 billion in assets across public and private credit.
He will be responsible for leading capital markets and syndication efforts across the Audax Private Debt platform.
The plan made commitments totaling roughly $245.5 million with four existing managers and one new manager in November.
The plan will hear presentations from existing managers’ new fund offerings.
Plan committed a total of $80 million between two direct lending commitments in December.
A fund based in the Great Plains region approved credit and direct lending commitments with existing investment managers that created new investment vehicles at its recommendation.
The plan disclosed ten commitments totaling almost $1 billion at its board meeting last week.
The plan’s full board approved new commitments to existing private markets managers at its meeting last week.
