Credit/Private Debt
The plan will issue an RFP for non-discretionary and discretionary services in January.
The plan disclosed recent private equity, real assets and private credit commitments made in the last five months.
The Iron Park team will be reorganized as General Atlantic Credit.
The plan made several commitments today, including two new relationships.
The plan approved two commitments at yesterday’s board meeting.
The plan is in the early stages of evaluating its long/short equity, absolute return and fixed-income credit portfolios.
KKR and Mubadala will co-invest across performing private credit opportunities in the Asia Pacific region.
The plan made two commitments within its real estate portfolio and one commitment within its private credit and income portfolio last week.
The plan recently committed $348.5 million total to two existing managers and terminated a high-yield fixed-income manager.
The customized mandate will allow the plan to invest across the firm’s platform.