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A new bill has been introduced that would aim to increase diversity in the asset management sector.
The plan also made several adjustments to its traditional growth portfolio at its meeting last week.
Program is centered around a platform of separately managed accounts that will source, conduct due diligence on, invest in and oversee allocations to emerging managers.
Search is for firms to provide investment management services for $491 million in assets.
Plan approved a convertible bond hire at today’s meeting as well as private equity and real estate commitments.
Plan committed $50 million to a new core-plus real estate manager this month.
The direct lending fund primarily focuses on senior secured loans and unitranche loans in the U.S. and Canada.
He will manage commercial real estate loan and securities investments.
She is responsible for origination and portfolio management for the firm’s real estate platform.
Search will help move the plan’s private equity portfolio closer to target.