Credit/Private Debt
The plan made a public equity hire and added five private market commitments.
The plan approved private equity and private credit commitments at its investment committee/board meeting today.
A California plan agreed to initiate a real estate search following approval of a new asset allocation policy yesterday.
The plan is seeking credit managers uncorrelated to core fixed-income and equity.
Plan added a $15 million senior direct lending commitment and tabled an intermediate duration fixed-income search presentation to next month.
The plan made first-time investments with two funds for pacing purposes.
Investors’ 2020 search activity remained on par with previous years despite the COVID-19 pandemic and there continues to be increased activity for private investment strategies, according to a recent webinar from an investment consultant.
The plan approved two private credit commitments at a board meeting today to fulfill its pacing plan.
The plan approved consolidating management of its $51 million global tactical asset allocation portfolio yesterday.
The plan voted to reduce the managers handling its global tactical asset allocation portfolio from three to two at a meeting yesterday.
