Credit/Private Debt
The plan also made two private markets hires earlier this year.
Plan is mulling a new allocation to global credit as part of a review of its fixed-income portfolio.
Plan approved a $10 million investment in an agricultural REIT strategy this week.
The plan does not have dedicated managers to either asset class.
A Mid-Atlantic plan disclosed a recent credit commitment at today’s investment advisory committee meeting.
Plan added a $100 million commitment to a direct lending fund at the end of last week.
The plan will conduct seven manager searches beginning in January.
The plan hired two private debt managers at its board meeting yesterday and will consider making changes to its private equity portfolio next year.
Plan will see a firm for passive U.S. and non-U.S. equities, fixed-income and real assets investment management services.
