Credit/Private Debt
Plan has issued a private debt RFP following approval at today’s board meeting.
Plan is seeking private credit managers to handle a new 3% allocation.
The transaction is expected to close in the second quarter.
A university based in the Midwest has hired a new direct lending manager for its portfolio.
A university based in a Southern state added private equity, hedge fund, private debt and public equity investments during the first quarter.
The plan approved up to $650 million in new private commitments at its board meeting yesterday.
The winner will take over a $361 million mandate.
Plan will target direct lending, structured credit, distressed and special situations, specialty finance and multi-asset strategies in a private credit search scheduled to launch this week.
Plan’s investment committee will review a proposed RFP to fill a new 3% target to the asset class.