Credit/Private Debt
The pension plan approved four commitments totaling $110 million and 2024 real estate and real assets pacing plans yesterday.
The fund is expected to receive a private equity pacing plan proposal from its general investment consultant alongside private equity and private credit commitment recommendations at its board meeting this month.
The pension plan made 14 commitments across its private equity and real estate portfolios in the fourth quarter.
The commitments include two first-time managers for the plan.
The pension plan made private markets commitments totaling $16.25 million last month and will consider a 2024 pacing plan this week.
The commitments were made under the discretion of staff.
The plan received private debt and private equity pacing plans at its investment committee meeting this week.
The search follows asset allocation changes approved in 2023.
The RFP will be issued next month as part of a private markets pacing plan.
The foundation added private equity, private credit and international developed markets equity strategies to its portfolio in the second half of 2023.
