Credit/Private Debt
A Northwestern fund approved two fiscal year 2022 pacing plans this week.
The plan made its initial investment in private credit after approving the asset class last year.
Plan will conduct an RFP for multi-asset credit managers later this year as the result of asset allocation changes that also include a maiden private debt target approved at today’s board meeting.
The plan approved a new asset allocation as well as new index fund providers at a board meeting today.
The plan agreed to conduct an international large-cap equity manager search and broaden its emerging market debt allocation at today’s board meeting.
The plan made commitments to one new manager and existing managers.
He supports all aspects of the decision-making process of the private credit team, including sourcing, structuring, performing due diligence and negotiating investment opportunities.
A fund based in a Western state approved a new commitment to a private equity manager as it shifts its portfolio toward illiquid allocations.
The plan is considering committing $700 million in commitments to five private market firms.
The CPP Investments President and CEO has overseen the credit investments team since 2018.
