Credit/Private Debt
The plan committed $200 million to a fund-of-one primarily investing in regulatory capital relief transactions.
The plan invested in private debt for the first time.
The fund is searching for firms to manage portfolios consisting of private equity, credit and/or real estate.
Plan narrowed a private lending search to three funds for future on-site visits and finalist presentations.
The plan hired an additional domestic large-cap growth equity manager after finalist interviews held at its board meeting today.
The plan approved a credit commitment with an existing manager and a 2021-2024 private equity pacing plan at yesterday’s board meeting.
Plan will consider incorporating new allocations to private credit and private infrastructure in the coming months.
The hires conclude a private credit manager search launched in June.
The plan disclosed four private markets commitments this week.
The plan approved a private debt commitment for pacing purposes at its board meeting today.
